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Restrictions apply to the annual investment allowance (AIA) as follows:

1. Ìý

   (a)ÌýÌýÌýÌý Companies – a company is entitled to a single AIA in respect of all qualifying activities carried on in a chargeable period, and can allocate it as it wishes¹. This is subject to the restrictions in (b) to (d) below.

2. Ìý

   (b)ÌýÌýÌýÌý Groups of companies – a company, which in a financial year is a parent undertaking of one or more companies, and those other companies are entitled to a single AIA between them for the chargeable periods ending in that financial year, which can be allocated as they so wish². This is subject to the restriction in (c) below.

3. Ìý

   (c)ÌýÌýÌýÌý Groups of companies under common control³ – where two or more groups of companies⁴ are, in a financial year, either controlled by the same person or related to one another, then companies which are members of those groups are entitled to a single AIA between them for the chargeable periods ending in that financial