https://www.taxtmi.com/acts?id=11698 When a business reorganisation occurs during a financial year, the full-year capital allowance is apportioned between predecessor and successor using a pro rata formula. The deduction for each party is A x B/C where A is the deduction as if no reorganisation occurred; B is the number of days of the party's ownership period in the financial year (predecessor: start to day before reorganisation; successor: date of reorganisation to year-end); and C is the total number of days in that financial year. en-us Thu, 16 Sep 2010 18:35:42 +0530 Fri, 17 Sep 2010 13:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11698 When a business reorganisation occurs during a financial year, the full-year capital allowance is apportioned between predecessor and successor using a pro rata formula. The deduction for each party is A x B/C where A is the deduction as if no reorganisation occurred; B is the number of days of the party's ownership period in the financial year (predecessor: start to day before reorganisation; successor: date of reorganisation to year-end); and C is the total number of days in that financial year. Act-Rules Bills Thu, 16 Sep 2010 18:35:42 +0530 https://www.taxtmi.com/acts?id=11698