44 Expenditure incurred by small or medium-sized enterprisesU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)Expenditure is first-year qualifying expenditure if—
(a)it is incurred by a small or medium-sized enterprise, and
(b)it is not excluded by subsection (2) or section 46 (general exclusions).
(2)Long-life asset expenditure is not first-year qualifying expenditure under subsection (1).
Modifications etc. (not altering text)
C1 S. 44 modified (22.7.2004) by Finance Act 2004 (c. 12) , s. 142(1) (2)
C2S. 44 modified (19.7.2007) by Finance Act 2007 (c. 11), s. 37(1) (with s. 37(2))