Commentary

B3.616 Know-how allowances

Business tax
Business tax | Commentary

B3.616 Know-how allowances

Business tax | Commentary

B3.616 Know-how allowances

It is provided that qualifying expenditure (see B3.615) has to be pooled for the purpose of determining a person's entitlement to writing-down allowances and balancing allowances and liability to balancing charges1. There is a separate pool for each trade in respect of which the person has qualifying expenditure2.

Where expenditure on the acquisition of know-how is incurred after 31 March 1986, a writing down allowance is made for any chargeable period (other than the final chargeable period) for which a person has available qualifying expenditure ('AQE', see below) in excess of the total of any disposal values ('TDV',

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