Search Legislation

Capital Allowances Act 2001

Overview

1614.This Chapter deals with allowances and charges on qualifying expenditure. Qualifying expenditure is pooled. There is a separate pool for each trade. Disposal values can arise in relation to qualifying expenditure. Disposal values effectively reduce allowances or lead to balancing charges.

1615.Section 456 requires pooling of qualifying expenditure to be carried out separately for each trade concerned.

1616.Section 457 sets out whether there is an allowance or a charge for a chargeable period.

1617.Section 458 deals with the amount of the allowance or charge.

1618.Sections 459 to 461 set out how to find “AQE” which is a term used in the earlier sections.

1619.Section 462 deals with when a disposal value is to be brought into account, and its amount, in respect of qualifying expenditure.

1620.Section 463 gives effect to allowances and charges as trading expenses or trading receipts.

Back to top

Options/Help

Print Options

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources