[360Z Giving effect to allowances and charges: trades]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[Chapter 11
Supplementary Provisions]

[360Z  Giving effect to allowances and charges: trades]

[(1)     An allowance or charge to which a person is entitled or liable under this Part is to be given effect in calculating the profits of that person's trade, by treating—

(a)     the allowance as an expense of the trade, and

(b)     the charge as a receipt of the trade.

(2)     In the case of a person who—

(a)     is

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