Corporation Tax Act 2010 section 329G

Qualifying pre-commencement onshore expenditure

Section 329G defined what counted as qualifying pre-commencement onshore expenditure for the purposes of the onshore allowance provisions, but the entire chapter containing this section was repealed with effect for accounting periods ending on or after 5 December 2013.

• Section 329G was part of Chapter 5A (sections 329A–329T) of the Corporation Tax Act 2010, which dealt with onshore allowances for ring fence trades.
• The section set out the definition and conditions for expenditure to be treated as qualifying pre-commencement onshore expenditure.
• The entire chapter was repealed by Finance Act 2015, Schedule 11, paragraph 13(1).
• The repeal took effect in relation to accounting periods ending on or after 5 December 2013.

---