C1Part 3Trading income
Annotations:
Modifications etc. (not altering text)
Chapter 4Trade profits: rules restricting deductions
53Capital expenditure
1
In calculating the profits of a trade, no deduction is allowed for items of a capital nature.
2
Subsection (1) is subject to provision to the contrary in the Corporation Tax Acts.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)