# Capital Allowances Act 2001, Section 391: Trades


An allowance or charge to which a person is entitled or liable under this Part is to be given effect in calculating the profits of that person’s trade, by treating—
(a) the allowance as an expense of the trade, and
(b) the charge as a receipt of the trade.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/391 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-391
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.