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Capital Allowances Act 2001

Section 485: Qualifying expenditure

1730.This section is based on sections 134(1), (6) and 135(1) of CAA 1990. It deals with “qualifying expenditure”, a term which is not itself in CAA 1990. Its use here gives this Part likeness with the rest of the Act.

1731.Subsection (1) sets out the basic condition for qualifying expenditure.

1732.Subsection (2) deals with expenditure partly incurred for the purposes of the trade and partly for other purposes and provides a just and reasonable apportionment. Use of “just and reasonable apportionment” in place of “just apportionment” is a minor change. See Change 40 in Annex 1.

1733.Subsection (3) deals with the situation if only part of a trade qualifies.

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