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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Capital allowances for foster carers carrying on trade

  • Section 824 Capital allowances: introduction
  • Section 825 Unallocated capital expenditure
  • Section 825A Deemed disposal event
  • Section 825B Plant or machinery used for care business
  • Section 825C Plant or machinery used for other qualifying activities
  • Section 825D Subsequent disposal events
  • Section 826 Excluded capital expenditure
  • Section 827 Excluded capital expenditure: subsequent treatment of asset
  1. Capital allowances for foster carers carrying on trade
  2. Excluded capital expenditure

Section 826 | Excluded capital expenditure

From legislation.gov.uk

Capital expenditure (“excluded capital expenditure”) does not constitute qualifying expenditure for the purposes of CAA 2001 if it is—

(a)incurred by a relevant individual in a relevant chargeable period, and

(b)incurred on the provision of plant or machinery wholly or partly for the provision of qualifying care by the individual.

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