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Capital Allowances Act 2001

Section 55: Determination of entitlement or liability

278.This section is based on section 24(2) and (5) of CAA 1990. It decides whether a pool gives rise to entitlement to an allowance or liability to a charge.

279.The amounts of available qualifying expenditure (AQE) and total of any disposal receipts (TDR) are not defined until later in this Chapter. But putting this section here lets readers see why they matter:

  • if AQE is greater than TDR, they are entitled to claim an allowance; and

  • if AQE is less than TDR, they are liable to a balancing charge.

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