46 Straightline restriction of allowable expenditure
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

46  Straightline restriction of allowable expenditure

(1)     In the computation of the gain accruing on the disposal of a wasting asset it shall be assumed—

(a)     that any expenditure attributable to the asset under section 38(1)(a) after deducting the residual or scrap value, if any, of the asset, is written off at a uniform rate from its full amount at the time when the asset is acquired or provided to nothing at the end of its life,

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