Commentary on Sections Overview Chapter 3: Debits in respect of intangible fixed assets Section 728: Expenditure written off as it is incurred
2001.This section gives a deduction for expenditure never capitalised but written off in the period of account in which it is incurred. It is based on paragraph 8 of Schedule 29 to FA 2002.
2002.An example of expenditure within this section might be expenditure on maintaining an asset or expenditure on acquiring an asset which, in the event, proves abortive.