220 Allocation of expenditure to a chargeable period
Capital Allowances Act 2001 (2001 c 2) | Legislation

220  Allocation of expenditure to a chargeable period

[(A1)     Subsection (1) applies to a company for a chargeable period if—

(a)     at the end of the [CTA] period of account which is the basis period for the chargeable period, the company is a member of a group, and

(b)     the last day of that [CTA] period of account is not also the last day of [a CTA] period of account of the principal company of the group.]

(1)     Subject to subsection (2), if [the company] incurs at any time in [the chargeable period] capital expenditure on the provision of plant or machinery for leasing under a finance lease [or under a qualifying operating lease (see subsection (4))]—

(a)     the part of the expenditure which is

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