Capital Allowances Act 2001 section 349

Additional VAT rebates and writing-down allowances

Section 349 deals with what happens to writing-down allowances when a person holding the relevant interest in a property receives an additional VAT rebate relating to qualifying expenditure, and the unwritten-down balance of that expenditure is at least as large as the rebate.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.