Commentary

B3.701 Outline of relief

Business tax
Business tax | Commentary

B3.701 Outline of relief

Business tax | Commentary

Division B3.7     Research and development

For updates affecting this Division please see Part B0 Updates

Research and development capital allowances

B3.701 Outline of relief

A trader who incurs qualifying expenditure of a capital nature (see B3.703) on research and development (R&D) (see B3.702) for the purpose of his trade is entitled to an allowance of 100% of that expenditure1. This is not described in the legislation as a first-year allowance and is referred to in this Division as an 'R&D allowance'. There are of course no annual writing-down allowances. Before 2000–01 similar allowances known as scientific research allowances were available.

If the

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