Part 8

Patent allowances
Chapter 3

Allowances and charges

Pooling of expenditure
470
1
Qualifying expenditure has to be pooled for the purpose of determining a person’s entitlement to writing-down allowances and balancing allowances and liability to balancing charges.
2
There is a separate pool—
a
for each trade in respect of which the person has qualifying trade expenditure, and
b
for all of the person’s qualifying non-trade expenditure.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7