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HMRC internal manual

Capital Allowances Manual

Plant and Machinery Allowances (PMA): qualifying expenditure: expenditure incurred before qualifying activity begins


Treat expenditure incurred before a qualifying activity begins as incurred on the first day that the person who incurred the expenditure carries on the qualifying activity.



Jubane and Gostelow decide to go into business as undertakers. They buy a hearse on 1 October 2010 and start the business on 1 January 2011. Treat them as incurring the expenditure on the hearse on 1 January 2011.