Capital Allowances Act 2001 section 459

Available qualifying expenditure

Section 459 defines what makes up the available qualifying expenditure in a know-how allowances pool for a given chargeable period.

• Available qualifying expenditure in a pool is the total amount on which allowances can be calculated for the period
• It includes any new qualifying expenditure allocated to the pool for the current chargeable period
• It also includes any unrelieved qualifying expenditure carried forward from the previous chargeable period
• These two components together form the starting figure against which writing-down allowances and balancing adjustments are calculated