Capital Allowances Act 2001 Schedule 1 Part 2

Defined expressions

Schedule 1 Part 2 provides a comprehensive index of defined expressions used throughout the Capital Allowances Act 2001, directing the reader to the section or external legislation where each term is defined.

• The schedule acts as a glossary or look-up table, listing key terms used in the Act alphabetically and pointing to the specific section or external Act where each definition can be found.
• Many terms have different definitions depending on which Part of the Act they appear in — for example, "available qualifying expenditure" is defined separately for Part 2 (plant and machinery), Part 7 (know-how), and Part 8 (patents).
• Some definitions are drawn from other tax legislation, including the Income Tax Act 2007, Corporation Tax Act 2009, Corporation Tax Act 2010, Finance Act 2012, and the Income Tax (Trading and Other Income) Act 2005.
• The schedule has been amended numerous times since the Act was enacted in 2001, reflecting the introduction of new concepts such as annual investment allowance (AIA) qualifying expenditure, cars and emissions-related terms, freeport tax sites, business premises renovation allowances, and Northern Ireland rate provisions.

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