# Capital Allowances Act 2001, Section 456: Pooling of expenditure


(1) Qualifying expenditure has to be pooled for the purpose of determining a person’s entitlement to writing-down allowances and balancing allowances and liability to balancing charges.
(2) There is a separate pool for each trade in respect of which the person has qualifying expenditure.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/456 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-456
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.