Capital Allowances Act 2001 section 51B

First restriction: companies

Section 51B establishes that a company is entitled to only one annual investment allowance across all of its qualifying activities in a chargeable period, and sets out how that allowance may be allocated.

• A company receives only one annual investment allowance per chargeable period, regardless of how many qualifying activities it carries on.
• The company has discretion to allocate that single allowance across its AIA qualifying expenditure as it sees fit.
• The relevant expenditure is the AIA qualifying expenditure the company actually incurred during that chargeable period.
• Further restrictions may apply where the company is part of a group or where companies are under common control.