OT21567 | Investment Allowance: Disqualifying conditions

CTA10\S332D

There are two disqualifying conditions, which prevent certain items of expenditure from generating investment allowance, when they otherwise would have been able to.

The first applies when expenditure is incurred in relation to the acquisition of an asset, which has already generated investment allowance for any company.

The second applies when expenditure has been incurred on the acquisition of equity in an oil field, and any connected assets, that would have been relievable had the investment allowance legislation been in place.