C1Part 2 Plant and machinery allowances

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Chapter 5 Allowances and charges

Available qualifying expenditure

59 Unrelieved qualifying expenditure

1

A person has unrelieved qualifying expenditure to carry forward from a chargeable period if for that period AQE exceeds TDR.

2

The amount of the unrelieved qualifying expenditure is—

a

the excess less the writing-down allowance made for the period, or

b

if no writing-down allowance is claimed for the period, the excess.

3

No amount may be carried forward as unrelieved qualifying expenditure from the final chargeable period.