Part 19-2-17 Wasting assets qualifying for capital allowances (S-561) Reviewed April 2016 17.1 The straight-line restriction of allowable expenditure on wasting assets should not be applied to assets the allowable expenditure on which has qualified in full for capital allowances (including renewals allowance). They should be dealt with in accordance with Tax Instruction 19.2.12 Par. 2 (restriction of losses […]

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