Capital Allowances Act 2001 (c. 2)

Part 8 Patent allowances

Chapter 3 Allowances and charges

470 Pooling of expenditure

(1) Qualifying expenditure has to be pooled for the purpose of determining a person’s entitlement to writing-down allowances and balancing allowances and liability to balancing charges.

(2) There is a separate pool—

(a) for each trade in respect of which the person has qualifying trade expenditure, and

(b) for all of the person’s qualifying non-trade expenditure.