# Capital Allowances Act 2001, Section 251: Professions and vocations


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

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/251 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-251
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.