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Part 2Plant and machinery allowances

Chapter 5Allowances and charges

Pooling

53Pooling of qualifying expenditure

(1)Qualifying expenditure has to be pooled for the purpose of determining a person’s entitlement to writing-down allowances and balancing allowances and liability to balancing charges.

(2)If a person carries on more than one qualifying activity, expenditure relating to the different activities must not be allocated to the same pool.