Relief for investment expenditure

7When investment expenditure is incurred

(1)

In determining for the purposes of this Act when a company has incurred investment expenditure—

(a)

F1... section 5 of CAA 2001 (when capital expenditure is incurred) applies as it applies for the purposes of that Act, and

F2(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

Any investment expenditure which is (or is treated as) incurred before 26 May 2022 or after F331 March F42030 is to be left out of account in determining a company’s levy profits or loss for any qualifying accounting period.