# Corporation Tax Act 2009, Section 53: Capital expenditure


(1) In calculating the profits of a trade, no deduction is allowed for items of a capital nature.
(2) Subsection (1) is subject to provision to the contrary in the Corporation Tax Acts.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/53 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.