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Capital Allowances Act 2001

▸ Part 1 – Introduction
  • ▸ Chapter 1 – Capital allowances: general
    • Section 1 – Capital allowances
    • Section 1A – Capital allowances and charges: cash basis
    • Section 2 – General means of giving effect to capital allowances
    • Section 3 – Claims for capital allowances
    • Section 4 – Capital expenditure
    • Section 5 – When capital expenditure is incurred
    • Section 6 – Meaning of "chargeable period"
  • ▸ Chapter 2 – Exclusion of double relief
    • Section 7 – No double allowances
    • Section 8 – No double relief through pooling under Part 2 (plant and machinery allowances)
    • Section 9 – Interaction between fixtures claims and other claims
    • Section 10 – Interpretation
  • ▸ Chapter 1A – Trades attracting Northern Ireland rate of corporation tax
    • Section 6A – "NIRE company" and SME (Northern Ireland employer) company
    • Section 6B – “Northern Ireland firm” etc.
    • Section 6C – "NI rate activity"
    • Section 6D – NI rate activity treated as separate trade
    • Section 6E – Giving effect to allowances and charges: NI rate activity cases
▸ Part 2 – Plant and machinery allowances
  • ▸ Chapter 1 – Introduction
    • Section 11 – General conditions as to availability of plant and machinery allowances
    • Section 12 – Expenditure incurred before qualifying activity carried on
    • Section 13 – Use for qualifying activity of plant or machinery provided for other purposes
    • Section 13A – Use for other purposes of plant or machinery previously used for long funding leasing
    • Section 13B – Use for other purposes of plant or machinery: property businesses
    • Section 14 – Use for qualifying activity of plant or machinery which is a gift
  • ▸ Chapter 2 – Qualifying activities
    • Section 15 – Qualifying activities
    • Section 16 – Ordinary UK property businesses
    • Section 17 – UK furnished holiday lettings businesses
    • Section 17A – Ordinary overseas property business
    • Section 17B – EEA furnished holiday lettings businesses
    • Section 18 – Managing the investments of a company with investment business
    • Section 19 – Special leasing of plant or machinery
    • Section 20 – Employments and offices
  • ▸ Chapter 3 – Qualifying expenditure
    • Buildings, Structures and land
    • Demolition costs
    • Expenditure on thermal insulation and personal security
    • Expenditure on integral features
    • Exclusion of certain types of expenditure
  • ▸ Chapter 3A – AIA qualifying expenditure
    • Section 38A – AIA qualifying expenditure
    • Section 38B – General exclusions applying to section 38A
  • ▸ Chapter 4 – First-year qualifying expenditure
    • General
    • Types of expenditure which may qualify for first-year allowances
    • Expenditure of small or medium-sized enterprises
    • Supplementary
  • ▸ Chapter 5 – Allowances and charges
    • Annual investment allowance
    • First-year allowances
    • Prevention of double relief
    • Pooling
    • Writing-down and balancing allowances and balancing charges
    • Available qualifying expenditure
    • Disposal events and disposal values: general
    • The final chargeable period
    • List of provisions outside this Chapter about disposal values
    • Application of Chapter to person leaving cash basis
    • Effect of changes in Northern Ireland status of SME company or SME partnership
    • Special balancing charge in cases of temporary full expensing etc.
  • ▸ Chapter 6 – Hire-purchase etc. and plant or machinery provided by lessee
    • Hire-purchase and similar contracts
    • Plant or machinery provided by lessee
    • Lessees under long funding leases
  • ▸ Chapter 6A – Interpretation of provisions about long funding leases
    • Introductory
    • Meaning of “long funding lease” etc
    • Meaning of “plant or machinery lease”
    • The tests for being a funding lease
    • Leases excluded by right of lessor etc to claim capital allowances
    • Excluded leases of background plant or machinery for a building
    • Exclusion for certain plant or machinery leased with land
    • Avoidance
    • Transfers, assignments, novations, leaseback, variations etc
    • Interpretation
  • ▸ Chapter 7 – Computer software
    • Section 71 – Software and rights to software
    • Section 72 – Disposal values
    • Section 73 – Limit on disposal values
  • ▸ Chapter 8 – Cars, etc.
    • Cars above the cost threshold
    • Vehicles provided for purposes of employment or office
    • Interpretation
  • ▸ Chapter 9 – Short-life assets
    • Section 83 – Meaning of "short-life asset"
    • Section 84 – Cases in which short-life asset treatment is ruled out
    • Section 85 – Election for short-life asset treatment: procedure
    • Section 86 – Short-life asset pool
    • Section 87 – Short-life assets provided for leasing
    • Section 88 – Sales at under-value
    • Section 89 – Disposal to connected person
  • ▸ Chapter 10 – Long-life assets
    • Long-life asset expenditure
    • Expenditure excluded from being long-life asset expenditure
    • Rules applying to long-life asset expenditure
    • Anti-avoidance provisions
  • ▸ Chapter 10A – Special rate expenditure
    • Special rate expenditure
    • Rules applying to special rate expenditure
  • ▸ Chapter 11 – Overseas leasing
    • Basic terms
    • Certain expenditure to be pooled
    • Allowances reduced or, in certain cases, prohibited
    • Recovery of excess allowances
    • Recovery of allowances given in cases where prohibition applies
    • Application of Chapter in relation to joint lessees
    • Duties to supply information
    • Qualifying purposes
    • Minor definitions
  • ▸ Chapter 12 – Ships
    • Pooling and postponement of allowances
    • Deferment of balancing charges
    • Attribution of deferred amounts
    • Expenditure on new shipping
    • Qualifying ships
    • Deferment of balancing charges: supplementary provisions
    • Further provisions
  • ▸ Chapter 13 – Provisions affecting mining and oil industries
    • Expenditure connected with mineral extraction trades
    • Expenditure connected with reuse etc. of offshore oil infrastructure
    • Provisions relating to ring fence trades
    • Restrictions on allowances: anti-avoidance
    • Transfers of interests in oil fields: anti-avoidance
    • Oil production sharing contracts
  • ▸ Chapter 14 – Fixtures
    • Introduction
    • Persons who are treated as owners of fixtures
    • Restrictions on amount of qualifying expenditure
    • Cessation of ownership of fixtures
    • Acquisition of ownership of fixture when another ceases to own it
    • Disposal values
    • Further provisions
    • Election to fix apportionment
  • ▸ Chapter 15 – Asset provided or used only partly for qualifying activity
    • Section 205 – Reduction of annual investment allowance and first-year allowances
    • Section 206 – Single asset pool etc
    • Section 207 – Reduction of allowances and charges on expenditure in single asset pool
    • Section 208 – Effect of significant reduction in use for purposes of qualifying activity
    • Section 208A – Cars: disposal value in avoidance cases
  • ▸ Chapter 16 – Partial depreciation subsidies
    • Section 209 – Meaning of "partial depreciation subsidy"
    • Section 210 – Reduction of annual investment allowance and first-year allowances
    • Section 211 – Single asset pool etc
    • Section 212 – Reduction of allowances and charges on expenditure in single asset pool
  • ▸ Chapter 16A – Avoidance involving allowance buying
    • Introduction
    • Qualifying change
    • Relevant excess of allowances
    • Limiting conditions
    • Unallowable purpose
    • What happens when Chapter applies
  • ▸ Chapter 16B – Cap on first-year allowances...
    • Section 212T – Cap on first-year allowances: zero-emission goods vehicles
    • Section 212U – Cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas
  • ▸ Chapter 17 – Other anti-avoidance
    • Relevant transactions
    • Restrictions on allowances
    • Finance leases and certain operating leases
    • Sale and finance leasebacks
    • Sale and leaseback: election for special treatment
    • Finance leaseback: parties' income and profits
    • Disposal of plant or machinery subject to lease where income retained
    • Miscellaneous and supplementary
  • ▸ Chapter 16ZA – Asset provided or used only partly for NI rate activity
    • Section 212ZA – Apportionment of expenditure incurred partly for NI rate activity
    • Section 212ZB – Single asset pool etc
    • Section 212ZC – Allowances and charges on expenditure in single asset pool
    • Section 212ZD – Effect of significant change in balance of use
    • Section 212ZE – Application of Chapter to partnerships
    • Section 212ZF – "Main rate activity"
  • ▸ Chapter 18 – Additional VAT liabilities and rebates
    • Introduction
    • Additional VAT liability
    • Additional VAT rebate
    • Short-life assets: balancing allowance
    • Anti-avoidance
  • ▸ Chapter 19 – Giving effect to allowances and charges
    • Trades
    • Property businesses
    • Activities analogous to trades
    • Companies with investment business
    • Long-term business
    • Special leasing of plant or machinery
    • Employments and offices
    • First-year tax credits
  • ▸ Chapter 20 – Supplementary provisions
    • Co-ownership authorised contractual schemes
    • Partnerships and successions
    • Cars etc
    • Miscellaneous
▸ Part 2A – Structures and buildings allowances
  • ▸ Chapter 1 – Introduction
    • Section 270AA – Structures and buildings allowances
    • Section 270AB – Date on which construction begins
  • ▸ Chapter 2 – Qualifying expenditure
    • Meaning of “qualifying expenditure”
    • Qualifying expenditure incurred on construction
    • Qualifying expenditure incurred on purchase
    • Excluded expenditure
    • Expenditure treated as expenditure on construction
    • Supplementary provision about expenditure
  • ▸ Chapter 3 – Qualifying use and qualifying activities
    • Qualifying activities
    • Qualifying use
  • ▸ Chapter 4 – The relevant interest in the building or structure
    • Section 270DA – General rule as to what is the relevant interest
    • Section 270DB – Interest acquired on completion of construction
    • Section 270DC – Effect of creation of subordinate interest
    • Section 270DD – Leases granted for 35 years or more
    • Section 270DE – Merger of leasehold interest
  • ▸ Chapter 5 – Calculating the allowance: supplementary provision
    • Section 270EA – Proportionate adjustment in certain cases
    • Section 270EB – Multiple uses
    • Section 270EC – Research and development
  • ▸ Chapter 6 – Highway undertakings
    • Section 270FA – Carrying on of highway undertakings
    • Section 270FB – The relevant interest
    • Section 270FC – Cases where highway concession is to be treated as extended
  • ▸ Chapter 7 – Additional VAT liabilities and rebates
    • Introduction
    • Additional VAT liabilities
    • Additional VAT rebates
  • ▸ Chapter 8 – Giving effect to allowances
    • Trades
    • Property businesses
    • Activities analogous to trades
    • Companies with investment business
    • Long-term business
  • ▸ Chapter 9 – Supplementary provisions
    • Evidence of qualifying expenditure etc
    • Anti-avoidance
    • Co-ownership authorised contractual schemes
    • Leases
  • ▸ Chapter 7A – Adjustment for pre-April 2020 allowance
    • Section 270GD – Adjustment for pre-April 2020 allowance
  • ▸ Chapter 2A – Freeport qualifying expenditure
    • Section 270BNA – Meaning of "freeport qualifying expenditure"
    • Section 270BNB – Apportionment
    • Section 270BNC – Power to amend meaning of "freeport qualifying expenditure" etc.
▸ Part 3 – Industrial buildings allowances
  • ▸ Chapter 1 – Introduction
    • Section 271 – Industrial buildings allowances
    • Section 272 – Expenditure on the construction of a building
    • Section 273 – Preparation of sites for plant or machinery
  • ▸ Chapter 2 – Industrial buildings
    • Buildings in use for the purposes of a qualifying trade
    • Qualifying hotels and sports pavilions
    • Commercial buildings (enterprise zones)
    • Supplementary provisions
  • ▸ Chapter 3 – The relevant interest in the building
    • Section 286 – General rule as to what is the relevant interest
    • Section 287 – Interest acquired on completion of construction
    • Section 288 – Effect of creation of subordinate interest
    • Section 289 – Merger of leasehold interest
    • Section 290 – Election to treat grant of lease exceeding 50 years as sale
    • Section 291 – Supplementary provisions with respect to elections
  • ▸ Chapter 4 – Qualifying expenditure
    • Introduction
    • Qualifying expenditure
    • Qualifying enterprise zone expenditure
    • Part of – expenditure within time limit for qualifying enterprise zone expenditure
  • ▸ Chapter 5 – Initial allowances
    • Section 305 – Initial allowances for qualifying enterprise zone expenditure
    • Section 306 – Amount of initial allowance and period for which allowance made
    • Section 307 – Building not industrial building when first used etc
    • Section 308 – Grants affecting entitlement to initial allowances
  • ▸ Chapter 6 – Writing-down allowances
    • Section 309 – Entitlement to writing-down allowance
    • Section 310 – Basic rule for calculating amount of allowance
    • Section 311 – Calculation of allowance after sale of relevant interest
    • Section 312 – Allowance limited to residue of qualifying expenditure
    • Section 313 – Meaning of "the residue of qualifying expenditure"
    • Section 313A – Calculation of allowance after sale of relevant interest: anti-avoidance
  • ▸ Chapter 7 – Balancing adjustments
    • General
    • Calculation of balancing adjustments
    • Meaning of “the relevant period of ownership” etc.
    • Balancing allowances restricted where sale subject to subordinate interest
    • Qualifying enterprise zone expenditure: effect of realising capital value
  • ▸ Chapter 8 – Writing off qualifying expenditure
    • Section 332 – Introduction
    • Section 333 – Writing off initial allowances
    • Section 334 – Writing off writing-down allowances
    • Section 335 – Writing off research and development allowances
    • Section 336 – Writing off expenditure when building not an industrial building
    • Section 337 – Writing off or increase of expenditure where balancing adjustment made
    • Section 338 – Writing off capital value which has been realised
    • Section 339 – Crown or other person not within the charge to tax entitled to the relevant interest
    • Section 340 – Treatment of demolition costs
  • ▸ Chapter 9 – Highway undertakings
    • Section 341 – Carrying on of highway undertakings
    • Section 342 – The relevant interest
    • Section 343 – Balancing adjustment on ending of concession
    • Section 344 – Cases where highway concession is to be treated as extended
  • ▸ Chapter 10 – Additional VAT liabilities and rebates
    • Introduction
    • Additional VAT liabilities
    • Additional VAT rebates
  • ▸ Chapter 11 – Giving effect to allowances and charges
    • Section 352 – Trades
    • Section 353 – Lessors and licensors
    • Section 354 – Buildings temporarily out of use
    • Section 355 – Buildings for miners etc: carry-back of balancing allowances
  • ▸ Chapter 12 – Supplementary provisions
    • Section 356 – Apportionment of sums partly referable to non-qualifying assets
    • Section 357 – Arrangements having an artificial effect on pricing
    • Section 358 – Requisitioned land
    • Section 359 – Provisions applying on termination of lease
    • Section 360 – Meaning of "lease" etc.
▸ Part 3A – Business premises renovation allowances
  • ▸ Chapter 1 – Introduction
    • Section 360A – Business premises renovation allowances
  • ▸ Chapter 2 – Qualifying expenditure
    • Section 360B – Meaning of "qualifying expenditure"
    • Section 360BA – Expenditure not treated as qualifying expenditure if delay in carrying out works etc.
  • ▸ Chapter 3 – Qualifying buildings and qualifying business premises
    • Section 360C – Meaning of "qualifying building"
    • Section 360D – Meaning of "qualifying business premises"
  • ▸ Chapter 4 – The relevant interest in the qualifying building
    • Section 360E – General rule as to what is the relevant interest
    • Section 360F – Interest acquired on completion of conversion
  • ▸ Chapter 5 – Initial Allowances
    • Section 360G – Initial allowances
    • Section 360H – Premises not qualifying business premises or relevant interest sold before premises first used or let
  • ▸ Chapter 6 – Writing-down allowances
    • Section 360I – Entitlement to writing-down allowances
    • Section 360J – Amount of allowance
    • Section 360K – Meaning of "the residue of qualifying expenditure"
  • ▸ Chapter 7 – Grants in respect of qualifying expenditure
    • Section 360L – Grants affecting entitlement to allowances
  • ▸ Chapter 8 – Balancing adjustments
    • Section 360M – When balancing adjustments are made
    • Section 360N – Balancing events
    • Section 360O – Proceeds from balancing events
    • Section 360P – Calculation of balancing adjustments
  • ▸ Chapter 9 – Writing off qualifying expenditure
    • Section 360Q – Introduction
    • Section 360R – Writing off initial allowances and writing-down allowances
    • Section 360S – Treatment of demolition costs
  • ▸ Chapter 10 – Additional VAT liabilities and rebates
    • Section 360T – Introduction
    • Section 360U – Additional VAT liabilities and initial allowances
    • Section 360V – Additional VAT liabilities and writing-down allowances
    • Section 360W – Additional VAT liabilities and writing off initial allowances
    • Section 360X – Additional VAT rebates and balancing adjustments
    • Section 360Y – Additional VAT rebates and writing off qualifying expenditure
  • ▸ Chapter 11 – Supplementary provisions
    • Section 360Z – Giving effect to allowances and charges: trades
    • Section 360Z1 – Giving effect to allowances and charges: lessors and licensees
    • Section 360Z2 – Apportionment of sums partly referable to non-qualifying assets
    • Section 360Z3 – Provisions applying on termination of lease
    • Section 360Z4 – Meaning of "lease" etc.
▸ Part 4 – Agricultural buildings allowances
  • ▸ Chapter 1 – Introduction
    • Section 361 – Agricultural buildings allowances
    • Section 362 – Meaning of "husbandry"
    • Section 363 – Expenditure on the construction of a building
  • ▸ Chapter 2 – The relevant interest
    • Section 364 – General rule as to what is the relevant interest
    • Section 365 – Effect of creation of subordinate lease
    • Section 366 – Interest conveyed or assigned by way of security
    • Section 367 – Merger of leasehold interest
    • Section 368 – Provisions applying on ending of lease
  • ▸ Chapter 3 – Qualifying expenditure
    • Section 369 – Capital expenditure on construction of agricultural building
    • Section 370 – Purchase of relevant interest before first use of agricultural building
    • Section 371 – Different relevant interests in different parts of the related agricultural land
  • ▸ Chapter 4 – Writing-down allowances
    • Section 372 – Entitlement to writing-down allowance
    • Section 373 – Basic rule for calculating amount of allowance
    • Section 374 – First use of building not for purposes of husbandry, etc
    • Section 375 – Effect of acquisition of relevant interest after first use of building
    • Section 376 – Calculation of allowance after acquisition
    • Section 377 – Chargeable period when balancing adjustment made
    • Section 378 – Allowance limited to residue of qualifying expenditure
    • Section 379 – Final writing-down allowance
  • ▸ Chapter 5 – Balancing adjustments
    • General
    • Calculation of balancing adjustments
  • ▸ Chapter 6 – Supplementary provisions
    • Giving effect to allowances and charges
    • Meaning of “freehold interest”, “lease” etc.
▸ Part 4A – Flat Conversion Allowances
  • ▸ Chapter 1 – Introduction
    • Section 393A – Flat conversion allowances
  • ▸ Chapter 2 – Qualifying expenditure
    • Section 393B – Meaning of "qualifying expenditure"
  • ▸ Chapter 3 – Qualifying buildings and qualifying flats
    • Section 393C – Meaning of "qualifying building"
    • Section 393D – Meaning of "qualifying flat"
    • Section 393E – High value flats
  • ▸ Chapter 4 – The relevant interest in the flat
    • Section 393F – General rule as to what is the relevant interest
    • Section 393G – Interest acquired on completion of conversion
  • ▸ Chapter 5 – Initial allowances
    • Section 393H – Initial allowances
    • Section 393I – Flat not qualifying flat or relevant interest sold before flat first let
  • ▸ Chapter 6 – Writing-down allowances
    • Section 393J – Entitlement to writing-down allowances
    • Section 393K – Amount of allowance
    • Section 393L – Meaning of "the residue of qualifying expenditure"
  • ▸ Chapter 7 – Balancing adjustments
    • Section 393M – When balancing adjustments are made
    • Section 393N – Balancing events
    • Section 393O – Proceeds from balancing events
    • Section 393P – Calculation of balancing adjustments
  • ▸ Chapter 8 – Writing off qualifying expenditure
    • Section 393Q – Introduction
    • Section 393R – Writing off initial allowances and writing-down allowances
    • Section 393S – Treatment of demolition costs
  • ▸ Chapter 9 – Supplementary provisions
    • Section 393T – Giving effect to allowances and charges
    • Section 393U – Apportionment of sums partly referable to non-qualifying assets
    • Section 393V – Provisions applying on termination of lease
    • Section 393W – Meaning of "lease" etc.
▸ Part 5 – Mineral extraction allowances
  • ▸ Chapter 1 – Introduction
    • Section 394 – Mineral extraction allowances
    • Section 395 – Qualifying expenditure
    • Section 396 – Meaning of "mineral exploration and access"
    • Section 397 – Meaning of "mineral asset"
    • Section 398 – Relationship between main types of qualifying expenditure
    • Section 399 – Expenditure excluded from being qualifying expenditure
  • ▸ Chapter 2 – Qualifying expenditure on mineral exploration and access
    • Section 400 – Qualifying expenditure on mineral exploration and access
    • Section 401 – Pre-trading exploration expenditure
    • Section 402 – Pre-trading expenditure on plant or machinery
  • ▸ Chapter 3 – Qualifying expenditure on acquiring a mineral asset
    • Section 403 – Qualifying expenditure on acquiring a mineral asset
    • Section 404 – Exclusion of undeveloped market value of land
    • Section 405 – Qualifying expenditure where buildings or structures cease to be used
    • Section 406 – Reduction where premium relief previously allowed
  • ▸ Chapter 4 – Qualifying expenditure: second-hand assets
    • Assets reflecting expenditure on mineral exploration and access
    • Qualifying expenditure on assets limited by reference to historic costs
  • ▸ Chapter 5 – Other kinds of qualifying expenditure
    • Section 414 – Expenditure on works likely to become valueless
    • Section 415 – Contribution to buildings or works for benefit of employees abroad
    • Section 416 – Non-ring fence trades: expenditure on restoration within 3 years of ceasing to trade
    • Section 416ZA – Ring fence trades: expenditure on site restoration
    • Section 416ZB – "Notional accounting period"
    • Section 416ZC – Site restoration services supplied by connected person
    • Section 416ZD – Restriction on allowance available
    • Section 416ZE – Allowance where site restoration undertaken for other participators in oil field
  • ▸ Chapter 5A – First-year qualifying expenditure (416A-416C)
    • General
    • Types of expenditure which may qualify for first year allowances
    • Supplementary
  • ▸ Chapter 6 – Allowances and charges
    • First-year allowances
    • Writing-down and balancing allowances and balancing charges
    • Unrelieved qualifying expenditure
    • Disposal values
    • Cases in which a person is entitled to a balancing allowance
  • ▸ Chapter 7 – Supplementary provisions
    • Section 432 – Giving effect to allowances and charges
    • Section 433 – Treatment of demolition costs
    • Section 434 – Time when expenditure incurred
    • Section 435 – Shares in assets
    • Section 436 – Meaning of "development" etc.
▸ Part 6 – Research and development allowances
  • ▸ Chapter 1 – Introduction
    • Section 437 – Research and development allowances
    • Section 438 – Expenditure on research and development
  • ▸ Chapter 2 – Qualifying expenditure
    • Section 439 – Qualifying expenditure
    • Section 440 – Excluded expenditure: land
    • Section 439A – Qualifying expenditure incurred for purposes of NI rate activity
  • ▸ Chapter 3 – Allowances and charges
    • Section 441 – Allowances
    • Section 442 – Balancing charges
    • Section 443 – Disposal values and disposal events
    • Section 444 – Disposal events: chargeable period for which disposal value is to be brought into account
    • Section 445 – Costs of demolition
  • ▸ Chapter 4 – Additional VAT liabilities and rebates
    • Section 446 – Introduction
    • Section 447 – Additional VAT liability treated as additional expenditure etc.
    • Section 448 – Additional VAT rebate generates disposal value
    • Section 449 – Effect on balancing charges of additional VAT rebates in earlier chargeable periods
  • ▸ Chapter 5 – Supplementary provisions
    • Section 450 – Giving effect to allowances and charges
    • Section 451 – Sales: time of cessation of ownership
▸ Part 7 – Know-how allowances
  • ▸ Chapter 1 – Introduction
    • Section 452 – Know-how allowances
    • Section 453 – Know-how as property
  • ▸ Chapter 2 – Qualifying expenditure
    • Section 454 – Qualifying expenditure
    • Section 455 – Excluded expenditure
  • ▸ Chapter 3 – Allowances and charges
    • Section 456 – Pooling of expenditure
    • Section 457 – Determination of entitlement or liability
    • Section 458 – Amount of allowances and charges
    • Section 459 – Available qualifying expenditure
    • Section 460 – Allocation of qualifying expenditure to pools
    • Section 461 – Unrelieved qualifying expenditure
    • Section 461A – Unrelieved qualifying expenditure: entry to cash basis
    • Section 462 – Disposal values
    • Section 462A – Persons leaving cash basis
    • Section 463 – Giving effect to allowances and charges
▸ Part 8 – Patent allowances
  • ▸ Chapter 1 – Introduction
    • Section 464 – Patent allowances
    • Section 465 – Future patent rights
    • Section 466 – Grant of licences
  • ▸ Chapter 2 – Qualifying expenditure
    • Section 467 – Qualifying expenditure
    • Section 468 – Qualifying trade expenditure
    • Section 469 – Qualifying non-trade expenditure
  • ▸ Chapter 3 – Allowances and charges
    • Section 470 – Pooling of expenditure
    • Section 471 – Determination of entitlement or liability
    • Section 472 – Amount of allowances and charges
    • Section 473 – Available qualifying expenditure
    • Section 474 – Allocation of qualifying expenditure to pools
    • Section 475 – Unrelieved qualifying expenditure
    • Section 475A – Unrelieved qualifying expenditure: entry to cash basis
    • Section 476 – Disposal value of patent rights
    • Section 477 – Limit on amount of disposal value
    • Section 477A – Persons leaving cash basis
  • ▸ Chapter 4 – Giving effect to allowances and charges
    • Section 478 – Persons having qualifying trade expenditure
    • Section 479 – Persons having qualifying non-trade expenditure: income tax
    • Section 480 – Persons having qualifying non-trade expenditure: corporation tax
  • ▸ Chapter 5 – Supplementary provisions
    • Section 481 – Anti-avoidance: limit on qualifying expenditure
    • Section 482 – Sums paid for Crown use etc treated as paid under licence
    • Section 483 – Meaning of "income from patents"
▸ Part 9 – Dredging allowances
  • ▸ Qualifying expenditure on dredging, etc.
    • Section 484 – Dredging allowances
    • Section 485 – Qualifying expenditure
    • Section 486 – Pre-trading expenditure of qualifying trades, etc
  • ▸ Writing-down and balancing allowances
    • Section 487 – Writing-down allowances
    • Section 488 – Balancing allowances
  • ▸ Writing-down and balancing allowances
    • Section 489 – Giving effect to allowances
▸ Part 10 – Assured tenancy allowances
  • ▸ Chapter 1 – Introduction
    • Section 490 – Assured tenancy allowances
    • Section 491 – Allowances available in relation to old expenditure only
    • Section 492 – Meaning of "approved body"
    • Section 493 – Expenditure on the construction of a building
  • ▸ Chapter 2 – The relevant interest
    • Introduction
    • The relevant interest in the building
    • The relevant interest in the dwelling-house
  • ▸ Chapter 3 – Qualifying expenditure
    • Section 501 – Capital expenditure on construction
    • Section 502 – Purchase of unused dwelling-house where developer not involved
    • Section 503 – Purchase of dwelling-house sold unused by developer
  • ▸ Chapter 4 – Qualifying dwelling-houses
    • Section 504 – Requirements relating to the landlord
    • Section 505 – Qualifying dwelling-houses: exclusions
    • Section 506 – Dwelling-house ceasing to be qualifying dwelling-house
  • ▸ Chapter 5 – Writing-down allowances
    • Entitlement to and calculation of writing-down allowances
    • Interpretation
  • ▸ Chapter 6 – Balancing adjustments
    • General
    • Calculation of balancing adjustments
    • Meaning of “the relevant period of ownership” etc.
  • ▸ Chapter 7 – Writing off qualifying expenditure attributable to dwelling-house
    • Section 523 – Introduction
    • Section 524 – Writing off initial allowances
    • Section 525 – Writing off writing-down allowances
    • Section 526 – Writing off expenditure for periods when building not used as qualifying dwelling-house
    • Section 527 – Writing off or increase of expenditure where balancing adjustment made
    • Section 528 – Treatment of demolition costs
  • ▸ Chapter 8 – Supplementary provisions
    • Section 529 – Giving effect to allowances and charges
    • Section 530 – Apportionment of sums partly referable to non-qualifying assets
    • Section 531 – Meaning of "dwelling-house", "lease" etc.
▸ Part 11 – Contributions
  • ▸ Chapter 1 – Exclusion of expenditure met by contributions
    • Rules excluding contributions
    • Exceptions to the general rule excluding contributions
  • ▸ Chapter 2 – Contribution allowances
    • Contribution allowances under Parts 2, 2A, 3, 4 and 5
    • Effect of transfers of C’s trade on contribution allowances under Parts 3, 4 and 5
    • Contribution allowances under Part 9
▸ Schedules
  • ▸ Schedule A1 First-year Tax Credits
    • Part 1 – Entitlement to First-Year Tax Credits
    • Part 2 – Giving Effect to First-Year Tax Credits
    • Part 3 – Clawback of First-Year Tax Credit
    • Part 4 – Supplementary
  • ▸ Schedule 1 Abbreviations and defined expressions
    • Part 1 – Abbreviations
    • Part 2 – Defined Expressions
  • ▸ Schedule 2 Consequential Amendments
    • Schedule 2 Consequential Amendments
  • ▸ Schedule 3 Transitionals and Savings
    • Part 1 – Continuity of the law (para 1-7)
    • Part 2 – Changes in the law (para 8)
    • Part 3 – General (para 9-10)
    • Part 5 – Industrial buildings allowances (para 56-79)
    • Part 6 – Agricultural buildings allowances (para 80-83)
    • Part 8 – Research and development allowances (para 88-91)
    • Part 9 – Patent allowances (para 92-102)
    • Part 10 – Dredging allowances (para 103-105)
    • Part 11 – Contributions (para 106-110)
    • Part 12 – Supplemental (para 111-112)
    • Part 13 – Other enactments (para 113-117)
    • Part 4 – Plant and machinery allowances (para 11-55)
    • Part 7 – Mineral extraction allowances (para 84-88)
  • ▸ Schedule 4 Repeals
    • Schedule 4 Repeals
Part 4A – Flat Conversion Allowances / Chapter 5 – Initial allowances

Chapter 5 – Initial allowances

Contents

  • Section 393H – Initial allowances Section commentary
  • Section 393I – Flat not qualifying flat or relevant interest sold before flat first let Section commentary

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