83 Existing long-life asset expenditure treated as special rate expenditure
Finance Act 2008 (2008 c 9) | Legislation

83  Existing long-life asset expenditure treated as special rate expenditure

(1)     This section applies in relation to long-life asset expenditure—

(a)     incurred before the relevant date, and

(b)     allocated to a pool in a chargeable period beginning before the relevant date.

(2)     In relation to a transitional chargeable period, section 102 of CAA 2001 applies as if the percentage figure specified in subsection (1) of that section were X%, where—

X = (6 x (BRD / CP)) + (10 x (ARD / CP))

Where X would be a figure with more than 2 decimal places, it is to be rounded up to the nearest

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