Part 2 (plant and machinery allowances);

Part 2A (structures and buildings allowances);

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part 3A (business premises renovation allowances)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Part 5 (mineral extraction allowances);

Part 6 (research and development allowances);

Part 7 (know-how allowances);

Part 8 (patent allowances);

Part 9 (dredging allowances);

Part 10 (assured tenancy allowances).

a person carrying on a relevant activity incurs qualifying expenditure relating to an asset at a time when the profits of that activity are not calculated on the cash basis,

after incurring the expenditure, the person enters the cash basis for a tax year, and

no deduction would be allowed in respect of the expenditure in calculating the profits of the relevant activity on the cash basis for that tax year, on the assumption that the expenditure was paid in that tax year.

F39the cash basis applies in relation to the trade, profession or vocation for the tax year, and

F36the cash basis did not apply in relation to the trade, profession or vocation for the previous tax year.

on the cash basis for the tax year (see section 271D of ITTOIA 2005), and

in accordance with GAAP (see section 271B of that Act) for the previous tax year.

references to a trade, profession or vocation in relation to which the cash basis applies are to a trade, profession or vocation the profits of which are required by virtue of section 24A(1) of ITTOIA 2005 to be calculated on the cash basis,

references to calculating the profits of a trade, profession or vocation on the cash basis are to F38doing so in accordance with section 24A of ITTOIA 2005, and

references to calculating the profits of a property business on the cash basis are to be construed in accordance with section 271D of that Act (calculation of profits of property businesses on the cash basis).

for income tax purposes, in calculating income for a chargeable period, and

for corporation tax purposes, in calculating profits for a chargeable period.

must be separately identified as such in the returnF33, and

where it relates to F35special tax site qualifying expenditure (as defined in section 270BNA), must include, or be accompanied by, such information as Her Majesty's Revenue and Customs may require.

for income tax purposes, a return required to be made under TMA 1970, and

for corporation tax purposes, a company tax return required to be made under Schedule 18 to FA 1998 (company tax returns, assessments and related matters).

section 258 (claim for allowance in respect of special leasing of plant or machinery),

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

section 479 (claim for patent allowance in respect of non-trading expenditure),

section 260(3)(b) (claim to carry back allowance in respect of special leasing of plant or machinery), or

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

any expenditure or sum that may be deducted in calculating the profits or gains of a trade, profession or vocation or property business carried on by the person, F22...

any cash basis expenditure, other than expenditure incurred on the provision of a car, or

any expenditure or sum that may be allowed as a deduction under a relevant provision from the taxable earnings from an employment or office held by the person.

section 262;

section 232 of ITEPA 2003 (giving effect to mileage allowance relief);

Chapters 2 to 6 of Part 5 of that Act (general deductions allowed from earnings); and

sections 188 to 194of FA 2004 (contributions under registered pension schemes), and

any amounts that are to be added in calculating the profits or gains of a trade, profession or vocation or property business carried on by the recipient, or

any amounts that are F3earnings of an employment or office held by the recipient.

a person incurring the expenditure or paying the sums, or

a recipient of the expenditure or sums,

the capital expenditure is expenditure on the provision of an asset,

an unconditional obligation to pay an amount of the expenditure comes into being as a result of the giving of a certificate or any other event,

the giving of the certificate, or other event, occurs within the period of one month after the end of a chargeable period, and

at or before the end of that chargeable period, the asset has become the property of, or is otherwise under the agreement attributed to, the person subject to the unconditional obligation to pay,

there is an unconditional obligation to pay an amount of capital expenditure on a date earlier than accords with normal commercial usage, and

the sole or main benefit which might have been expected to be obtained thereby is that the amount would be treated, under the general rule, as incurred in an earlier chargeable period,

is subject to any provision of this Act which has the effect that expenditure is to be treated as incurred on a date later than would result from the application of this section, and

does not apply to expenditure treated as incurred as a result of a person incurring an additional VAT liability.

for income tax purposes, a period of account, or

for corporation tax purposes, an accounting period of a company.

in the case of a person entitled to an allowance or liable to a charge in calculating the profits of his trade, profession or vocation, a period for which accounts are drawn up for the purposes of the trade, profession or vocation, and

in the case of any other person entitled to an allowance or liable to a charge, a tax year.

two periods of account overlap, or

one period of account includes another,

the first beginning with the start date of the original period, and

each subsequent one beginning with an anniversary of that date,