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Changes over time for: Section 439


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2024.
Changes to legislation:
There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 439.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
439 Qualifying expenditureU.K.
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adran has no associated
Nodiadau Esboniadol
(1)In this Part “qualifying expenditure” means capital expenditure incurred by a person on research and development directly undertaken by him or on his behalf if—
(a)he is carrying on a trade when the expenditure is incurred and the research and development relates to that trade, or
(b)after incurring the expenditure he sets up and commences a trade connected with the research and development.
(2)The same expenditure may not be taken into account as qualifying expenditure in relation to more than one trade.
(3)The trade by reference to which expenditure is qualifying expenditure is referred to in this Part as “the relevant trade” in relation to that expenditure.
(4)If capital expenditure is partly within subsection (1) and partly not, the expenditure is to be apportioned in a just and reasonable manner.
(5)References in this Chapter to research and development related to a trade include—
(a)research and development which may lead to or facilitate an extension of that trade, and
(b)research and development of a medical nature which has a special relation to the welfare of workers employed in that trade.
Yn ôl i’r brig