Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Allowances Manual

HM Revenue & Customs
, see all updates

PMA: How allowances and charges are made: General approach and exceptions

In general capital allowances are taken off and balancing charges added on just like other expenses and receipts. The exceptions are life assurance business CA29440 and special leasing CA29450.