Commentary

D7.308 Capital allowances

Corporate tax
Corporate tax | Commentary

D7.308 Capital allowances

Corporate tax | Commentary

D7.308 Capital allowances

A company with investment business may claim capital allowances for an accounting period under the plant and machinery and structures and buildings codes. Such allowances are, as far as possible, deducted from the company's profit from that business for the period. A balancing charge is treated as part of the company's income of the investment business1.

Any allowances which cannot be so deducted are added to the amount of management expenses for that period2.

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