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Capital Allowances Act 2001

Capital Allowances Act 2001

2001 CHAPTER 2

Commentary on Sections

Glossary

Part 2: Plant and machinery allowances
Chapter 5: Allowances and charges
Section 57: Available qualifying expenditure

286.This section is based on section 25(1) of CAA 1990 which gives the general rule as to what is (in this Act) available qualifying expenditure. But it includes additional pointers to other provisions.

287.Subsection (1) gives the general rule. This is that AQE is the sum of:

  • qualifying expenditure allocated to the pool in the chargeable period; and

  • unrelieved qualifying expenditure brought forward from the pool from the previous chargeable period.

288.Subsections (2) to (4) point to other provisions which may affect AQE.

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