Section 270BN | Expenditure incurred before qualifying activity carried on

For the purposes of this Part, if a person incurs expenditure for the purposes of a qualifying activity—^F1

(a)on or after 29 October 2018, and^F1

(b)before the date on which the person starts to carry on that activity,^F1

the expenditure is to be treated as if it were incurred by the person on the date mentioned in paragraph (b).