Section 7 | No double allowances

(1)If an allowance is made under any Part of this Act to a person in respect of capital expenditure, no allowance is to be made to him under any other Part in respect of—

(a)that expenditure, or

(b)the provision of any asset to which that expenditure related.

(1A)In subsection (1), the reference to capital expenditure includes a reference to expenditure that is treated as capital expenditure for the purposes of section 270BJ(1) (structures and buildings allowances: expenditure on renovation, conversion and incidental repairs).^F1

(2)This section does not apply in relation to Parts 7 and 8 (know-how and patent allowances).