# Capital Allowances Act 2001, Section 50: Time when expenditure is incurred


In determining whether expenditure is first-year qualifying expenditure under this Chapter, any effect of section 12 on the time at which it is to be treated as incurred is to be disregarded.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/50 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.