260 Special leasing: corporation tax (excess allowance)
Capital Allowances Act 2001 (2001 c 2) | Legislation

260  Special leasing: corporation tax (excess allowance)

(1)     This section applies if the amount to be deducted from a description of income specified in section 259(2) or (3) exceeds the company's income of that description for the current accounting period.

(2)     Subject to subsections (3) to (6), the excess must (if the company remains within the charge to tax) be deducted from the company's income of the same description for the next accounting period

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