Available qualifying expenditure (AQE) is defined to include two elements:

(1)qualifying expenditure that is allocated to the pool for the period in question; plus

(2)unrelieved qualifying expenditure brought forward in the pool from the preceding chargeable period.

Various elements go to make up the concept of qualifying expenditure and the key sections of the legislation are as follows:

the initial definition of ‘qualifying expenditure’ is given in CAA 2001, s. 11(4) (see ¶160-000);

the rules dealing with the allocation of qualifying expenditure to any particular pool are given in CAA 2001, s. 58 (see below);

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