In the Capital Allowances Act 2001 'chargeable period' means:
(1) for income tax purposes, a period of account; and
(2) for corporation tax purposes, an accounting period1 of a company2.
'Period of account' means:
(a) in the case of a person entitled to an allowance or liable to a charge in calculating the profits of his trade, profession or vocation3, a period for which accounts are drawn up for the purposes of the trade, profession or vocation; and
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234