Contents of Part B3
B3.1ÌýÌýÌýÌý Capital allowances—general provisions
B3.2ÌýÌýÌýÌý Structures and buildings
B3.3ÌýÌýÌýÌý Plant and machinery
B3.4ÌýÌýÌýÌý Mineral extraction
[B3.5]ÌýÌýÌýÌý [Removed]
B3.6ÌýÌýÌýÌý Patent rights and know-how
B3.7ÌýÌýÌýÌý Research and development
B3.8ÌýÌýÌýÌý Dredging
[B3.9]ÌýÌýÌýÌý [Removed]
B3.10ÌýÌýÌýÌý Flat conversions
B3.11ÌýÌýÌýÌý Business premises renovation
Division B3.1ÌýÌýÌýÌý Capital allowances—general provisions
For updates affecting this Division please see Part B0 Updates
B3.101 Capital allowances—overview
[For additional key resources on this topic see 'Capital allowances—related content' below.]
In calculating the profits of a trade, profession, vocation or property business no deduction can be made for expenditure of a capital nature1. The distinction between revenue and capital expenditure is discussed at length in B2.304–B2.309, but in general expenditure on the provision of a fixed asset will be of a capital nature
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