In the Capital Allowances Act 2001, 'capital expenditure' and 'capital sums' are used in the sense given below1. 'Capital expenditure' and 'capital sums' do not include:
(1) in relation to the person incurring the expenditure or paying the sums:
(a) any expenditure or sum that may be deducted in calculating the profits or gains of a trade, profession or vocation2 or property business3 carried on by the person;
(b) any cash basis expenditure, other than expenditure incurred on the provision of a car; and
(c) any expenditure or sum that may be allowed as a deduction under a relevant
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