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HMRC internal manual

Capital Allowances Manual

Dredging: Limit on total allowances

CAA01/S487 (5)

The total amount of the allowances made in respect of an item of qualifying expenditure to all the people who have claimed allowances on it must not exceed that qualifying expenditure.

The allowances made may include an initial allowance under FA56/S17 or CAA68/S67. Initial allowances were phased out in 1984.