Capital allowances claimed by a trading company usually reduce a trading profit or augment a trading loss and are therefore taken into account in a claim to relieve trading losses (see D2.217).
However, excess capital allowances do arise for the purposes of group relief on plant and machinery used for special leasing (see B3.380)1. (See also D2.215, D2.234 and B3.304.) These allowances may either be:
- Ìý
•ÌýÌýÌýÌý deducted from the income for the current accounting period from any qualifying activity of special leasing of plant or machinery, or
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