Point in time view as at 06/04/2024.
Capital Allowances Act 2001, Section 51J 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)A qualifying activity (“A1”) is related to another qualifying activity (“A2”) in a tax year if one or both of—
(a)the shared premises condition, and
(b)the similar activities condition,
are met in relation to the activities in the tax year.
(2)Where A1 is related to A2 in a tax year, A1 is also related to any other qualifying activity to which A2 is related in that tax year.
(3)The shared premises condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are carried on from the same premises.
(4)The similar activities condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are within the same NACE classification.
(5)In this section—
“NACE classification” has the same meaning as in section 51G, and
“relevant chargeable period”, in relation to a qualifying activity and a tax year, means the chargeable period for that activity ending in that tax year.]
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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