# Capital Allowances Act 2001, Section 469: Qualifying non-trade expenditure


“Qualifying non-trade expenditure” means capital expenditure incurred by a person on the purchase of patent rights if—
(a) any income receivable by the person in respect of the rights would be liable to tax, and
(b) the expenditure is not qualifying trade expenditure.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/469 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-469
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.