Capital allowances: meaning of
TCGA92/S52 (5) & TCGA92/S41 (4)
For the purposes of the computational changes referred to in CG15401 `capital allowances’ means
- any allowance under the Capital Allowances Act 2001 (including the provisions of the Income and Corporation Taxes Act 1988 which are to be treated as contained in the Capital Allowances Act 2001) other than an allowance under ICTA88/S33 (1) (relief for the cost of maintenance of agricultural land), or
- any relief given under ICTA88/S30 (expenditure on sea walls), or
- any deduction in computing profits or gains allowable under ICTA88/S91 (cemeteries).