470 Pooling of expenditureU.K.
This section has no associated Explanatory Notes
(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)There is a separate pool—
(a)for each trade in respect of which the person has qualifying trade expenditure, and
(b)for all of the person’s qualifying non-trade expenditure.