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Capital Allowances Act 2001

Section 460: Allocation of qualifying expenditure to pools

1629.This section is based on section 530(4)(a) of ICTA. It sets out when qualifying expenditure can be added to a pool.

1630.There is a minor change. This section allows qualifying expenditure to be added to a pool either in the chargeable period in which it is incurred or in a later chargeable period. This is in line with the approach taken in this Act to plant and machinery allowances in Part 2. It gives taxpayers flexibility – albeit it is only likely to be of practical interest in unusual circumstances. See Change 54 in Annex 1.

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