Income Tax (Trading and Other Income) Act 2005

826Excluded capital expenditureU.K.
This section has no associated Explanatory Notes

Capital expenditure (β€œexcluded capital expenditure”) does not constitute qualifying expenditure for the purposes of CAA 2001 if it isβ€”

(a)incurred by a relevant individual in a relevant chargeable period, and

(b)incurred on the provision of plant or machinery wholly or partly for the provision of foster care by the individual.