Capital Allowances Act 2001 Schedule 3 paragraph 13

Buildings, structures and land

Schedule 3 paragraph 13 provides transitional protection for certain older expenditure on buildings, structures and land, exempting it from the restrictions in sections 21 to 24 of the Act.

• Expenditure incurred before 30 November 1993 is not subject to the buildings, structures and land restrictions in sections 21 to 24.
• Expenditure incurred before 6 April 1996 under a contract entered into before 30 November 1993 is also exempt from those restrictions.
• Expenditure incurred before 6 April 1996 under a later contract, where that contract was entered into to fulfil obligations arising from a pre-30 November 1993 contract, is similarly exempt.
• Any expenditure falling outside these transitional dates and contract conditions will be subject to the normal rules in sections 21 to 24 restricting plant and machinery allowances on buildings, structures and land.