[360L Grants affecting entitlement to allowances]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[Chapter 7
Grants in Respect of Qualifying Expenditure]

[360L  Grants affecting entitlement to allowances]

[(1)     No initial allowance or writing-down allowance under this Part is to be made in respect of qualifying expenditure in respect of a qualifying building if a relevant grant or relevant payment is made towards—

(a)     that expenditure, or

(b)     any other expenditure which is incurred by any person in respect of the same building, and on the same single investment project as that expenditure.

(2)     An initial allowance or writing-down allowance made in respect of qualifying expenditure is to be withdrawn

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