Capital Allowances Act 2001 section 393T

Giving effect to allowances and charges

Section 393T explains how capital allowances and balancing charges arising from fixtures expenditure are given effect in calculating taxable income.

• Allowances due under this part are treated as expenses of the relevant tax calculation, reducing taxable income.
• Balancing charges are treated as receipts of the relevant tax calculation, increasing taxable income.
• The allowances and charges feed into the same income or corporation tax computation that relates to the qualifying activity in question.
• This section was amended by Finance Act 2012, Schedule 39, paragraph 37.

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