Capital Allowances Act 2001 section 270CA

Qualifying activities

Section 270CA defines which types of activity qualify for structures and buildings allowances, provided the profits or gains from those activities are (or would be) subject to tax.

• Qualifying activities include trades, professions, vocations, and both UK and overseas property businesses.
• The operation of mines, quarries and similar concerns also qualifies.
• Managing the investments of a company with investment business is a qualifying activity.
• The activity only qualifies to the extent that its profits or gains are, or would be, chargeable to tax.