Statute
Section 51B — Finance Act 2008: First restriction: companies
Text of the provision Official document
First restriction: companies 51B 1 A company is entitled to a single annual investment allowance in respect of all the qualifying activities carried on by the company in a chargeable period.
2 The company may allocate the annual investment allowance to the relevant AIA qualifying expenditure as it thinks fit.
3 The relevant AIA qualifying expenditure is the AIA qualifying expenditure incurred by the company in the chargeable period mentioned in subsection (1).
4 This section is subject to sections 51C, 51D and 51E.
Official source: legislation.gov.uk
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