399 Expenditure excluded from being qualifying expenditure
Capital Allowances Act 2001 (2001 c 2) | Legislation

399  Expenditure excluded from being qualifying expenditure

(1)     Expenditure on the provision of plant or machinery is not qualifying expenditure except as provided by section 402 (pre-trading expenditure on plant or machinery).

[(1A)     Expenditure incurred by a person for the purposes of a mineral extraction trade is not qualifying expenditure if—

(a)     when the expenditure is incurred, the person is carrying on the

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