# Finance Act 2013, Section 7: Temporary increase in annual investment allowance

Extent: E+W+S+N.I.

(1) In relation to expenditure incurred during the period beginning with 1 January 2013 and ending with the specified date , section 51A of CAA 2001 (entitlement to annual investment allowance) has effect as if in subsection (5) for “£25,000” there were substituted “ £250,000 ”.
(1A) The specified date is —
(a) for the purposes of corporation tax, 31 March 2014, and
(b) for the purposes of income tax, 5 April 2014.
(2) Schedule 1 contains provision about chargeable periods which straddle 1 January 2013 ....

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Source: https://www.legislation.gov.uk/ukpga/2013/29/section/7 (the official version)
Page: https://openlegislation.uk/finance-act-2013/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.