Point in time view as at 06/04/2024.
Capital Allowances Act 2001, Section 51L 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)This section applies where—
(a)more than one chargeable period of a company ends in a financial year, or
(b)more than one chargeable period for a qualifying activity ends in a tax year.
(2)Whether section 51C, 51D or 51E applies in relation to the company, or section 51H applies in relation to the qualifying activity, is to be determined in relation to each chargeable period ending in that year as if it were the only chargeable period ending in that year.
(3)AIA qualifying expenditure incurred in a chargeable period in relation to which the section in question does not apply is not relevant AIA qualifying expenditure for the purposes of that section.]
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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