# Capital Allowances Act 2001, Paragraph 87: Schedule 17 (Northern Ireland electricity)


(1) In paragraph 5(4)—
(a) for “section 11 of the Capital Allowances Act 1990 (long leases)” substitute “ section 290 of the Capital Allowances Act 2001 (election to treat grant of lease exceeding 50 years as sale) ”,
(b) for “long lease within the meaning” substitute “ lease which satisfies the condition in subsection (1)(c) ”,
(c) in paragraph (a), for “section 8” substitute “ Chapter 8 of Part 3 ”,
(d) in paragraph (b), for “section 11(6)(a)” substitute “ section 291(1) ”,
(e) for “sections 157 and 158” substitute “ sections 567 to 570 ”, and
(f) for “section 11” substitute “ section 290 ”.
(2) In paragraph 5(5)—
(a) for “paragraphs (a) and (b) of subsection (1) of section 55 of the Capital Allowances Act 1990 (expenditure incurred by incoming lessee: transfer of allowances)” substitute “ section 183(1)(a) and (b) of the Capital Allowances Act (incoming lessee where lessor entitled to allowances) ”,
(b) in paragraph (a) for “Part II of that Act” substitute “ Part 2 of that Act ”,
(c) after that paragraph insert “ and ”, and
(d) omit paragraph (c) and the word “and” before it.
(3) In paragraph 6(1), for “section 11 of the Capital Allowances Act 1990” substitute “ section 290 of the Capital Allowances Act 2001 ”.
(4) In paragraph 6(4), for “section 55 of the Capital Allowances Act 1990” substitute “ section 183 of the Capital Allowances Act 2001 ”.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/87 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/schedule-2/paragraph-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.