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HMRC internal manual

Capital Allowances Manual

From
HM Revenue & Customs
Updated
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General: claims: how to claim

CAA01/S3

Capital allowances must be claimed. If there is no claim there are no capital allowances. Most capital allowances are claimed in the tax return. The claims legislation in TMA70/S42 (Income Tax) and FA98/SCH18/PARA54 - PARA60 (Corporation Tax) does not apply to capital allowances claimed in a return.

The claims legislation in TMA70/S42 (Income Tax) and FA98/SCH18/PARA54 - PARA60 (Corporation Tax) applies to

  • claims for plant and machinery allowances for special leasing CA20040, and
  • claims by mining concerns to carry back balancing allowances CA39440, and
  • in Income Tax cases, claims for patent allowances on non-trading expenditure CA75130.

A capital allowance claim does not need to be for the full amount of the allowance. But the amount claimed must be specified.