Paragraph 5
(1)
Section 52 (first-year allowances) is amended as follows.
(2)
In subsection (3), at the appropriate place in the Table insert—
“
Expenditure qualifying under section 45K (expenditure on plant and machinery for use in designated assisted areas) 100% ”
(3)
In subsection (5)—
(a)
omit the “and” at the end of the entry for section 212T, and
(b)
after that entry insert— “ section 212U (cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas), and ”.