454 Qualifying expenditure
Capital Allowances Act 2001 (2001 c 2) | Legislation

Chapter 2
Qualifying Expenditure

454  Qualifying expenditure

(1)     In this Part “qualifying expenditure” means, subject to section 455, capital expenditure incurred on the acquisition of know-how by a person if—

(a)     the person is carrying on a trade at the time of the acquisition and the know-how is acquired for use in that trade,

(b)     the person

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