Qualifying Expenditure

Qualifying expenditure refers to specific costs related to a project or asset that are eligible for government allowances, tax relief, or grants. These expenses typically include purchases, labor, or investments directly associated with the project’s development or improvement. To qualify, the expenditure must meet certain criteria established by the relevant authority, ensuring it directly contributes to the project's goals. Essentially, it’s the approved amount of money spent on activities or items that can be used to claim financial support or benefits under specific programs or schemes.