Cross references

FA 1994, Sch. 22, para. 9(2): allowable expenditure and election by reference to pipe-line usage.


INTERPRETATION

4  In this Part of this Schedule–

allowable expenditure”  means expenditure which, subject to the provisions of this Part, is allowable as mentioned in subsection (4) of the principal section;

the new asset”  means the asset referred to in subsection (1) of the principal section which was acquired or brought into existence, or the value of which was enhanced, as a result of the incurring of the allowable expenditure;

the principal section”  means section 3 of this Act;

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.