Related Commentary  

114(1)  The proportion (if any) of the total input tax on a capital item which may be deducted under Part XIV shall be subject to adjustments in accordance with the provisions of this Part.

114(2)  Adjustments shall be made over a period determined in accordance with the following paragraphs of this regulation.

114(3)  Subject to paragraphs (3A) and (3B), the period of adjustment is–

(a)10 successive intervals in the case of a capital item of a description falling within regulation 113(2)(a) to (c);

(b)5 successive intervals in the case of a capital item of a description falling within regulation 113(2)(d) to (f),

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