441Allowances
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Nodiadau Esboniadol
(1)A person who incurs qualifying expenditure is entitled to an allowance in respect of that expenditure for the relevant chargeable period equal to—
(a)the amount of the qualifying expenditure, or
(b)if a disposal value is required to be brought into account for that period in respect of that expenditure, the amount (if any) by which that expenditure exceeds the disposal value.
(2)The relevant chargeable period is—
(a)the chargeable period in which the expenditure is incurred, or
(b)if the expenditure was incurred before the chargeable period in which the relevant trade is set up and commenced, that chargeable period.
(3)A person claiming an allowance under this section may require the allowance to be reduced to a specified amount.