{
  "url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-38",
  "json_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-38.json",
  "legislation": "uksi/1987/2132",
  "legislation_title": "The Friendly Societies (Long Term Insurance Business) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987",
  "path": "regulation/38",
  "kind": "regulation",
  "number": "38",
  "heading": "Equipment",
  "text": "(1) The value of any computer equipment of a society–\n(a) in the year of account of the society in which it is purchased, shall not be greater than three-quarters of the cost thereof to the society;\n(b) in the first year of account thereafter, shall not be greater than one-half of that cost;\n(c) in the second year of account thereafter, shall be not greater than one-quarter of that cost; and\n(d) in any subsequent year of account, shall be left out of account for the purposes for which this Part of these Regulations applies.\n(2) The value of any office machinery (other than computer equipment), furniture, motor vehicle and other equipment of a society, shall be, in the year of account of the society in which it is purchased, not greater than one-half of the cost thereof and shall be, in any subsequent year of account, left out of account for the purposes for which this Part of these Regulations applies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2132/regulation/38",
    "retrieved_at": "2026-10-29T16:15:26.669038+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}