{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-426",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-426.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/426",
  "kind": "section",
  "number": "426",
  "heading": "Pre-trading expenditure",
  "text": "A person’s entitlement to an allowance for a chargeable period is to a balancing allowance if—\n(a) the expenditure is qualifying expenditure under—\n(i) section 401(4) (pre-trading exploration expenditure where exploration etc. has ceased before first day of trading), or\n(ii) section 402 (pre-trading expenditure on plant or machinery), and\n(b) the first day of trading occurs in that chargeable period.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/426",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}