Capital Allowances Act 2001 section 270HA

Trades

Section 270HA explains how structures and buildings allowances are given effect where the qualifying activity is a trade.

• Applies where the person entitled to the allowance carries on a trade as their qualifying activity
• The allowance is given effect in the calculation of trading profits
• The allowance is treated as an expense of the trade for profit calculation purposes
• This treatment applies for each chargeable period in which the person is entitled to the allowance