[51A Entitlement to annual investment allowance]
Capital Allowances Act 2001 (2001 c 2) | Legislation

Chapter 5
Allowances and Charges

[Annual investment allowance]

[51A  Entitlement to annual investment allowance]

[(1)     A person is entitled to an allowance (an “annual investment allowance”) in respect of AIA qualifying expenditure if—

(a)     the expenditure is incurred in a chargeable period to which this Act applies, and

(b)     the person owns the plant and machinery at some time during that chargeable period.

(2)     Any annual investment allowance is made for the chargeable period in which the AIA qualifying expenditure is incurred.

(3)

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