Capital Allowances Act 2001

[F1270CAQualifying activitiesU.K.

Each of the following is a qualifying activity for the purposes of this Part—

(a)a trade,

(b)an ordinary UK property business,

(c)an ordinary overseas property business,

(d)a profession or vocation,

(e)the carrying on of a concern listed in section 12(4) of ITTOIA 2005 or section 39(4) of CTA 2009 (mines, quarries and other concerns), and

(f)managing the investments of a company with investment business,

but only to the extent that the profits or gains from the activity are, or (if there were any) would be, chargeable to tax.]