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Section 386 | The residue of qualifying expenditure

From legislation.gov.uk

The residue of qualifying expenditure at any time is—F1

Formula

QE+B-A

where—

QE is the amount of qualifying expenditure,

B is the total amount of balancing charges previously made under this Part in respect of the expenditure, and

A is the total amount of any allowances (including balancing allowances) previously made under this Part in respect of that expenditure (whether to the same or to different persons).