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Legislation
Capital Allowances Act 2001

Chapter 3 Allowances and charges

  • Section 456 Pooling of expenditure
  • Section 457 Determination of entitlement or liability
  • Section 458 Amount of allowances and charges
  • Section 459 Available qualifying expenditure
  • Section 460 Allocation of qualifying expenditure to pools
  • Section 461 Unrelieved qualifying expenditure
  • Section 461A Unrelieved qualifying expenditure: entry to cash basis
  • Section 462 Disposal values
  • Section 462A Persons leaving cash basis
  • Section 463 Giving effect to allowances and charges
  1. Chapter 3 · Allowances and charges
  2. Pooling of expenditure

Section 456 | Pooling of expenditure

From legislation.gov.uk

(1)Qualifying expenditure has to be pooled for the purpose of determining a person’s entitlement to writing-down allowances and balancing allowances and liability to balancing charges.

(2)There is a separate pool for each trade in respect of which the person has qualifying expenditure.

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