Regulation 6 Long-life assets—writing-down basis

(1)

This regulation applies to long-life assets described in regulation 4(1)(b).

(2)

The written down value of the paragraph 85(2)(a) amount for the asset shall be determined by multiplying that amount by the percentage given by the table in paragraph (3).

(3)

That table is as follows—

Length of qualifying holding period for the asset	Percentage of the paragraph 85(2)(a) amount which is qualifying expenditure under Part II of the 1990 Act
Less than or equal to 1 year	94
From 1 year and one day to 2 years	88
From 2 years and one day to 3 years	83
From 3 years and one day to 4 years	78
From 4 years and one day to 5 years	73
From 5 years and one day to 6 years	69
From 6 years and one day to 7 years	65
From 7 years and one day to 8 years	61
From 8 years and one day to 9 years	57
From 9 years and one day to 10 years	54
From 10 years and one day to 11 years	51
From 11 years and one day to 13 years	47
From 13 years and one day to 16 years	40
From 16 years and one day to 19 years	33
From 19 years and one day to 22 years	27
From 22 years and one day to 25 years	23
From 25 years and one day to 30 years	18
From 30 years and one day to 35 years	13
From 35 years and one day to 40 years	10
From 40 years and one day to 45 years	7
From 45 years and one day to 50 years	5
From 50 years and one day to 60 years	3
From 60 years and one day to 70 years	2
More than 70 years	Nil