Related Commentary  Related HMRC Manuals

417(1)  Whether a person who has incurred qualifying expenditure is entitled to a writing-down allowance or a balancing allowance, or liable to a balancing charge, for a chargeable period depends on–

(a)how much of the expenditure is unrelieved qualifying expenditure for that period (“UQE” ), and

(b)the total of any disposal receipts to be brought into account for that period (“TDR” ) by reference to the expenditure.

417(2)  If UQE exceeds TDR, the person is entitled to a writing-down allowance or a balancing allowance for the period.

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