{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-11/paragraph-5",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-11/paragraph-5.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/11/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) Section 52 (first-year allowances) is amended as follows.\n(2) In subsection (3), at the appropriate place in the Table insert—\n“\nExpenditure qualifying under section 45K (expenditure on plant and machinery for use in designated assisted areas)\n100%\n”\n(3) In subsection (5)—\n(a) omit the “and” at the end of the entry for section 212T, and\n(b) after that entry insert— “ section 212U (cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas), and ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/11/paragraph/5",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}