Commentary on Sections Glossary Structure of this Part Section 470: Pooling of expenditure
1674.This section is drafted to introduce pooling explicitly.
1675.Subsection (2) provides that there is a separate pool for each trade for which a person has qualifying trade expenditure and a single pool for any qualifying non-trade expenditure of that person. As with plant and machinery and know-how, this Act refers explicitly to these separate pools rather than, as in CAA 1990, leaving them to be deduced.