Special rate expenditure which is incurred wholly and exclusively for the purposes of a qualifying activity1, and is not expenditure which is required to be allocated to a single asset pool must, if so allocated, be allocated to a class pool (the 'special rate pool')2.
'Special rate expenditure' is:
(1) expenditure incurred on or after the first relevant date3 on thermal insulation4 or on integral features5;
(2) long-life asset expenditure6 incurred on or after that date;
(3) expenditure incurred on or after the second relevant date7 on the provision of a car that is not a main rate car8;
**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