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CA23020 | Plant and Machinery Allowances (PMA): qualifying expenditure: expenditure incurred before qualifying activity begins

From HM Revenue & Customs · Capital Allowances Manual

Treat expenditure incurred before a qualifying activity begins as incurred on the first day that the person who incurred the expenditure carries on the qualifying activity.

Example

Jubane and Gostelow decide to go into business as undertakers. They buy a hearse on 1 October 2018 and start the business on 1 January 2019. Treat them as incurring the expenditure on the hearse on 1 January 2019.