Part 2Plant and machinery allowances

Chapter 4First-year qualifying expenditure

General

39First-year allowances available for certain types of qualifying expenditure only

A first-year allowance is not available unless the qualifying expenditure is first-year qualifying expenditure under—

section 40

expenditure incurred for Northern Ireland purposes by small or medium-sized enterprises,

section 44

expenditure incurred by small or medium-sized enterprises, or

section 45

ICT expenditure incurred by small enterprises.