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Part 7 Know-how allowances

Chapter 3 Allowances and charges

460 Allocation of qualifying expenditure to pools

1

The following rules apply to the allocation of a person’s qualifying expenditure to a pool.

2

An amount of qualifying expenditure is not to be allocated to the pool for a chargeable period if that amount has been taken into account in determining the person’s available qualifying expenditure for an earlier chargeable period.

3

Qualifying expenditure is not to be allocated to the pool for a chargeable period before that in which the expenditure is incurred.