Capital allowance timing: deduction allowed in the year of installation when installation follows acquisition under amended rules. The amendment conditions entitlement to the capital allowance on acquisition and on installation by requiring that qualifying assets acquired in a ... Summary
Capital allowance timing: deduction allowed in the year of installation when installation follows acquisition under amended rules.
The amendment conditions entitlement to the capital allowance on acquisition and on installation by requiring that qualifying assets acquired in a previous year exceeding the threshold must be installed by the specified cut off date; it adds a proviso permitting the deduction in the year of installation where installation occurs after acquisition and renames the prior proviso as a further proviso.
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