Part 2 Plant and machinery allowances

F1Chapter 10ASpecial rate expenditure

Rules applying to special rate expenditure

104CSpecial rate pool

(1)

Special rate expenditure to which this section applies, if allocated to a pool, must be allocated to a class pool (“the special rate pool”).

(2)

This section applies to special rate expenditure if—

(a)

it is incurred wholly and exclusively for the purposes of a qualifying activity, and

(b)

it is not expenditure which is required to be allocated to a single asset pool.