Capital Allowances Act 2001 section 512

Residue of qualifying expenditure attributable to dwelling-house

Section 512 defines what is meant by the residue of qualifying expenditure attributable to a dwelling-house under the assured tenancy allowances regime.

• The residue of qualifying expenditure is the portion of expenditure on a dwelling-house that has not yet been written off
• Writing off is carried out in accordance with the rules set out in Chapter 7 of Part 10
• The definition is subject to special rules dealing with demolition costs under section 528
• The residue figure is a key amount referenced throughout the assured tenancy allowances provisions