Capital Allowances Act 2001 Explanatory Notes

Section 459: Available qualifying expenditure

1628.This section is based on section 530(4) of ICTA. It defines “available qualifying expenditure” in a pool for a chargeable period. That is essentially any unrelieved qualifying expenditure brought forward from the previous chargeable period plus any qualifying expenditure added to the pool for the current chargeable period.

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