Overview
1602.This Chapter defines “qualifying expenditure” and excludes certain expenditure from being qualifying expenditure.
1603.Section 454 defines “qualifying expenditure”, stops a person taking it into account for more than one trade and deals with expenditure incurred before the trade starts.
1604.Section 455 stops certain expenditure being qualifying expenditure if:
it is relieved in some other way;
treated as on goodwill; or
arises from a transaction between certain persons and there is common control.