59 Unrelieved qualifying expenditure
Capital Allowances Act 2001 (2001 c 2) | Legislation

59  Unrelieved qualifying expenditure

(1)     A person has unrelieved qualifying expenditure to carry forward from a chargeable period if for that period—

[(a)]     AQE exceeds TDR[, and

(b)     where section 56A(2) applies, the person does not claim a writing-down allowance of the amount by which AQE exceeds TDR].

(2)     The amount of the unrelieved qualifying expenditure is—

(a)     the excess less the writing-down allowance made for the period, or

(b)     if no writing-down allowance is claimed for the period, the excess.

(3)     No amount may be carried forward as unrelieved qualifying expenditure from the final chargeable period.

[(4)     If a person carrying on a trade, profession or vocation enters the cash basis for a tax year, [any cash basis deductible amount may not be carried forward as unrelieved qualifying expenditure in a pool for the trade, profession or vocation] from the chargeable period ending [in the previous tax year (or, if there is more than one such period, the latest of them)].

[(4A)     If a person

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