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Capital Allowances Act 2001


1596.This Chapter introduces know-how allowances. They are given to traders who incur qualifying expenditure. Chapter 2 defines “qualifying expenditure” and contains the condition that the person must be a trader. This Chapter defines “know-how” and treats it as property.

1597.Section 452 requires qualifying expenditure on acquiring know-how in order for allowances to be given and defines “know-how”.

1598.Section 453 treats know-how as property.

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