SCHEDULES
SCHEDULE 24Annual investment allowance
Part 1Amendments of CAA 2001
5
In section 58 (allocation of qualifying expenditure to pools), after subsection (4) insert—
4A
If an annual investment allowance is made to a person for a chargeable period—
a
the AIA qualifying expenditure in respect of which the allowance is made must be allocated to the appropriate pool (or pools) in that chargeable period, and
b
the available qualifying expenditure in a pool to which the expenditure (or some of it) is allocated is reduced by the amount of that expenditure.