# Capital Allowances Act 2001, Section 475: Unrelieved qualifying expenditure


(1) A person has unrelieved qualifying expenditure to carry forward from a chargeable period if for that period AQE exceeds TDR.
(2) The amount of the unrelieved qualifying expenditure is—
(a) the excess less the writing-down allowance made for the period, or
(b) if no writing-down allowance is claimed for the period, the excess.
(3) No amount may be carried forward as unrelieved qualifying expenditure from the final chargeable period.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/475 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-475
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.