Point in time view as at 06/04/2024.
Capital Allowances Act 2001, Section 51E is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This section applies in relation to two or more companies which in a financial year are—
(a)controlled by the same person (see section 51F), and
(b)related to one another (see section 51G),
and in relation to which to neither section 51C nor section 51D applies.
(2)The companies are entitled to a single annual investment allowance between them in respect of the relevant AIA qualifying expenditure.
(3)The companies may allocate the annual investment allowance to the relevant AIA qualifying expenditure as they think fit.
(4)The relevant AIA qualifying expenditure is the AIA qualifying expenditure incurred by the companies in chargeable periods ending in the financial year mentioned in subsection (1).]
Textual Amendments
F1Ss. 51A-51N and cross-heading inserted (with effect in accordance with Sch. 24 para. 23 to the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 3
Modifications etc. (not altering text)
C1Pt. 2 modified (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 7
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