Related Commentary  Related CasesRelated HMRC Manuals

11(1)  Allowances are available under this Part if a person carries on a qualifying activity and incurs qualifying expenditure.

11(2)  “Qualifying activity”  has the meaning given by Chapter 2.

11(3)  Allowances under this Part must be calculated separately for each qualifying activity which a person carries on.

11(4)  The general rule is that expenditure is qualifying expenditure if–

(a)it is capital expenditure on the provision of plant or machinery wholly or partly for the purposes of the qualifying activity carried on by the person incurring the expenditure, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.