Whether a person is entitled to a writing-down allowance or a balancing allowance, or liable to a balancing charge, for a chargeable period1 is determined separately for each pool of qualifying expenditure2 and depends on:
(1) the available qualifying expenditure in the pool for that period ('AQE'); and
(2) the total of any disposal receipts3 to be brought into account in that pool for that period ('TDR')4.
If AQE exceeds TDR, the person is entitled to a writing-down allowance or a balancing allowance for the period5, and if TDR exceeds AQE, he is liable to a balancing charge for that
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