OpenLegislation

Part 2 Plant and machinery allowancesC1C2C3C4C5C6C7C8C9C10

United Kingdom

  1. 1Introduction
  2. 2Qualifying activities
  3. 3Qualifying expenditure
  4. 3AAIA qualifying expenditure
  5. 4First-year qualifying expenditure
  6. 5Allowances and charges
  7. 6Hire-purchase etc. and plant or machinery provided by lessee
  8. 6AInterpretation of provisions about long funding leases
  9. 7Computer software
  10. 8Cars, etc.
  11. 9Short-life assets
  12. 10Long-life assets
  13. 10ASpecial rate expenditure
  14. 11Overseas leasing
  15. 12Ships
  16. 13Provisions affecting mining and oil industries
  17. 14Fixtures
  18. 15Asset provided or used only partly for qualifying activity
  19. 16Partial depreciation subsidies
  20. 16ZAAsset provided or used only partly for NI rate activity
  21. 16ARestrictions on allowance buying
  22. 16BCap on first-year allowances...
  23. 17Other anti-avoidance
  24. 18Additional VAT liabilities and rebates
  25. 19Giving effect to allowances and charges
  26. 20Supplementary provisions

Annotations

Modifications

C1

Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 3 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)

C2

Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1

C3

Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1

C4

Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1

C5

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19

C6

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35

C7

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37

C8

Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24

C9

Pt. 2 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 73(7)-(11) (with s. 73(6))

C10

Pt. 2 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 9(1)(a)