Part 2

Plant and machinery allowances
Chapter 4

First-year qualifying expenditure

General

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