Part 2

Plant and machinery allowances
Chapter 5

Allowances and charges

Pooling

Pooling of qualifying expenditure
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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.