Common use of Capital Allowances Clause in Contracts

Capital Allowances. All expenditure which the Company has incurred or may incur under any subsisting commitment on the provision of machinery, plant or buildings has qualified or will qualify (if not deductible as a trading expense for trade carried on by the Company) for writing- down allowances or industrial building allowances (as the case may be) under CAA and where appropriate notices have been given to the Inland Revenue under section 118, FA 1994.

Capital Allowances. All expenditure which the Company has incurred or may incur under any subsisting commitment on the provision of machinery, plant or buildings has qualified or will qualify (if not deductible as a trading expense for trade carried on by the Company) for writing- writing-down allowances or industrial building allowances (as the case may be) under CAA and where appropriate notices have in relation to expenditure incurred but for which no claim has been given to made a claim made in the Inland Revenue under Company’s next corporation tax self-assessment return for such allowances in respect of such expenditure would not be barred by virtue of section 11858(4), FA 1994CAA.

Capital Allowances. All expenditure which the Company has incurred or may incur under any subsisting commitment on the provision of machinery, plant or buildings has qualified or will qualify (if not deductible as a trading expense for trade carried on by the Company) for writing- writing-down allowances or industrial building allowances (as the case may be) under the CAA and where appropriate notices have been given to the Inland Revenue under section 118, FA 1994Finance Xxx 0000.