CA20010 - PMAs: Introduction: Qualifying activities

CAA01/S15

In order to qualify for PMA, a taxpayer must incur capital expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity carried on by the taxpayer.

The qualifying activities for PMA are:

• trade;
• an ordinary property business;
• furnished holiday letting business;
• overseas property business;
• profession or vocation;
• mine, quarry or canal or other concern giving rise to profits from land charged to tax as a trade under ITTOIA/S12 (4) or under Case I Schedule D in accordance with ICTA88/S55;
• management of an investment company;
• special leasing business;
• employment or office.