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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.10 Flat conversions /Entitlement to allowances / B3.1003 Qualifying expenditure
Commentary

B3.1003 Qualifying expenditure

Business tax

These allowances are not available for expenditure incurred on or after 6 April 2013 (income tax) or 1 April 2013 (corporation tax). However, see B3.1012 for balancing adjustments which can still apply.

'Qualifying expenditure' means capital expenditure incurred on, or in connection with, the conversion or renovation of part of a 'qualifying

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