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An AIF, not its investors, is entitled to claim any capital allowances and is liable to tax on any balancing charges. This is because the fund either is a company or, in the case of an authorised unit trust, is treated as a company for tax purposes by section 617 Corporation Tax Act 2010. »Ê¹ÚÌåÓýapp treatment prescribed at section 617(1) explicitly includes the provisions in the Taxes Acts relating to relief for capital expenditure.