OT21425 - Field allowance: the unactivated amount of a field allowance

[Field Allowance was superseded by Investment Allowance which was introduced by Fiance Act 2015 and applies to expenditure incurred on or after 1 April 2015. See OT21550 for guidance on Investment Allowance.]

The unactivated amount of a field allowance is one of the limits in determining the field allowance activated for an accounting period. The unactivated amount takes account of amounts already activated and changes in equity interest in the field.

The unactivated amount at a particular time is the total of the field allowance which the company held before that time, plus any field allowance received because of the acquisition of a further equity share, less the field allowance already activated for earlier accounting periods or reference periods less any reductions in field allowance because of equity share disposals.