Commentary on Sections Glossary Structure of this Part Overview
1602.This Chapter defines “qualifying expenditure” and excludes certain expenditure from being qualifying expenditure.
1603.Section 454 defines “qualifying expenditure”, stops a person taking it into account for more than one trade and deals with expenditure incurred before the trade starts.
1604.Section 455 stops certain expenditure being qualifying expenditure if:
	it is relieved in some other way;
	treated as on goodwill; or
	arises from a transaction between certain persons and there is common control.