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Legislation
Capital Allowances Act 2001

Crossheading Activities analogous to trades

  • Section 270HC Professions and vocations
  • Section 270HD Mines, transport undertakings etc
  1. Activities analogous to trades
  2. Professions and vocations

Section 270HC | Professions and vocations

From legislation.gov.uk

If the qualifying activity of a person who is entitled to an allowance for a chargeable period is carrying on a profession or vocation, the allowance is to be given effect in calculating the profits or gains of that person’s profession or vocation by treating the allowance as an expense of the profession or vocation.F1

Notes

  1. F1

    Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2

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