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Capital Allowances Act 2001


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.

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