[51M Special provision for long chargeable periods]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[51M  Special provision for long chargeable periods]

[(1)     This section applies where—

(a)     section 51H applies in relation to two or more qualifying activities controlled by a person (“P”) in a tax year, and

(b)     the relevant chargeable period for one of those qualifying activities (“A1”) is longer than a year.

(2)     An additional amount of annual investment allowance may be allocated to relevant AIA qualifying expenditure incurred for the purposes of A1.

(3)     That additional amount is the amount, or the aggregate of the amounts, of any relevant unused allowance for each tax year (a “previous tax year”)—

(a)     which falls before the tax year mentioned in subsection (1)(a), and

(b)

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