Section 270BN Expenditure incurred before qualifying activity carried onF1
For the purposes of this Part, if a person incurs expenditure for the purposes of a qualifying activity—
(a)
on or after 29 October 2018, and
(b)
before the date on which the person starts to carry on that activity,
the expenditure is to be treated as if it were incurred by the person on the date mentioned in paragraph (b).
Annotations
Textual amendments
- F1
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2