Apportionment of sums to non-qualifying assets

Capital expenditure

Incurred on purchase

Incurred on renovation, conversion and incidental repairs

Time incurred

Capital expenditure incurred on construction


Evidence of expenditure

Excluded expenditure

Acquisition or alteration of land etc

Market value rule

Provision of plant and machinery

Incurred on purchase

Persons leaving cash basis

Plant and machinery


Site preparation

Unrelieved: entry to cash basis