Part 2

Plant and machinery allowances
Chapter 5

Allowances and charges

Available qualifying expenditure

Unrelieved qualifying expenditure
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1
A person has unrelieved qualifying expenditure to carry forward from a chargeable period if for that period AQE exceeds TDR.
2
The amount of the unrelieved qualifying expenditure is—
a
the excess less the writing-down allowance made for the period, or
b
if no writing-down allowance is claimed for the period, the excess.
3
No amount may be carried forward as unrelieved qualifying expenditure from the final chargeable period.