# Income Tax (Trading and Other Income) Act 2005, Section 33: Capital expenditure


In calculating the profits of a trade, no deduction is allowed for items of a capital nature.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/33 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.