CA23010 - Plant and Machinery Allowances (PMA): qualifying expenditure: general rule

CAA01/S11 (4)

Expenditure on which PMAs are given is called qualifying expenditure.

These are the conditions that must be satisfied for expenditure to be qualifying expenditure for PMAs:

• The expenditure is capital expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity that the person incurring the expenditure carries on.
• The person incurring the expenditure owns the plant or machinery as a result of incurring the expenditure.