Corporation Tax Act 2009 section 931

Meaning of "capital sums" etc.

Section 931 applies the Capital Allowances Act 2001 definition of "capital expenditure" and "capital sums" to the rules on intellectual property in this Part of the Corporation Tax Act 2009.

• This section imports the definition of "capital expenditure" and "capital sums" from section 4 of the Capital Allowances Act 2001.
• The definition applies for all purposes of this Part of the Corporation Tax Act 2009, which deals with intellectual property.
• This ensures that the meaning of capital sums and capital expenditure is consistent between the capital allowances legislation and the corporation tax rules on intellectual property.
• The equivalent rule for income tax purposes is found in section 608 of the Income Tax (Trading and Other Income) Act 2005.