Relief for investment expenditure

I1C17When investment expenditure is incurred

1

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

a

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

b

in the case of operating expenditure or leasing expenditure, the expenditure is treated as incurred on the date on which it is paid.

2

Any investment expenditure which is (or is treated as) incurred before 26 May 2022 or after F131 March 2028 is to be left out of account in determining a company’s levy profits or loss for any qualifying accounting period.