Capital Allowances Act 2001 section 309

Entitlement to writing-down allowance

Section 309 sets out the conditions that must be met for a person to be entitled to a writing-down allowance on an industrial building.

• Qualifying expenditure must have been incurred on the building in question.
• At the end of the chargeable period, the person must hold the relevant interest in the building relating to that expenditure.
• At the end of the chargeable period, the building must qualify as an industrial building.
• A person claiming the allowance may elect to receive a reduced amount rather than the full writing-down allowance due.