# Capital Allowances Act 2001, Section 270HC: Professions and vocations


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

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/270HC (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-270HC
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.