Part 2 Plant and machinery allowances

Chapter 4 First-year qualifying expenditure

General

39 First-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.