# Capital Allowances Act 2001, Section 51E: Fourth restriction: other companies under common control


(1) This section applies in relation to two or more companies which in a financial year are—
(a) controlled by the same person (see section 51F), and
(b) related to one another (see section 51G),
and in relation to which to neither section 51C nor section 51D applies.
(2) The companies are entitled to a single annual investment allowance between them in respect of the relevant AIA qualifying expenditure.
(3) The companies may allocate the annual investment allowance to the relevant AIA qualifying expenditure as they think fit.
(4) The relevant AIA qualifying expenditure is the AIA qualifying expenditure incurred by the companies in chargeable periods ending in the financial year mentioned in subsection (1).

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/51E (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-51E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.