Capital expenditure deductible under the UCA



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As the STS capital allowance rules apply only to depreciating assets, certain capital expenditure incurred by an STS taxpayer that does not form part of the cost of a depreciating asset may be deducted under the UCA rules for deducting capital expenditure.

This includes capital expenditure on certain business related costs and amounts directly connected with a project - see Capital expenditure deductible under the UCA.

Last modified: 18 Jul 2006QC 27742