Paragraph 135
United Kingdom
The regulations may provide that where a partner leaves tonnage tax, such adjustments shall be made for capital allowance purposes, in relation to that partner and all or any of the other partners, with respect to—
the amount of qualifying expenditure under F1Part 2 of the Capital Allowances Act 2001 (plant and machinery allowances), and
the amount of F2the residue of qualifying expenditure under Part 3 of that Act(industrial buildings allowances),
as may be specified in the regulations.
Annotations
Textual amendments
- F1
Words in Sch. 22 para. 135(a) substituted (22.3.2001 with effect as mentioned in s. 579(1) of the amending Act) by 2001 c. 2, ss. 578, 579, Sch. 2 para. 108(36)
- F2
Words in Sch. 22 para. 135(b) substituted (22.3.2001 with effect as mentioned in s. 579(1) of the amending Act) by 2001 c. 2, ss. 578, 579, Sch. 2 para. 108(36)