# Finance Act 2012, 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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/11/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-11/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.