Part 2 Plant and machinery allowances

Chapter 5 Allowances and charges

Pooling

53 Pooling of qualifying expenditure

(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)

If a person carries on more than one qualifying activity, expenditure relating to the different activities must not be allocated to the same pool.