Capital Allowances Act 2001 section 270FA

Carrying on of highway undertakings

Section 270FA establishes how highway undertakings are treated for the purposes of structures and buildings allowances, ensuring that businesses involved in road concession projects can qualify for these allowances.

• A highway undertaking is treated as a trade for the purposes of structures and buildings allowances
• A person carrying on a highway undertaking is treated as occupying any road on which the undertaking is carried on
• A highway undertaking covers the design, building, financing and operation of roads carried on for the purposes of, or in connection with, exploiting highway concessions
• A highway concession is either the right to receive payments from a public body for a road used by the public, or the right to charge tolls on a toll road