Capital Allowances Act 2001 section 360Q

Introduction

Section 360Q introduces the rules governing how and when qualifying expenditure is written off for the purposes of this Part of the Act.

• This section serves as an introduction to the chapter on writing off qualifying expenditure.
• Qualifying expenditure is written off in accordance with the amounts and timings set out in the chapter.
• The chapter provides the framework that determines the extent to which expenditure is written off.
• The rules in this chapter must be followed to establish when qualifying expenditure is treated as written off.