Paragraph 8

In section 99 of CAA 2001 (long-life assets: the monetary limit)—

(a)

in subsection (4)—

(i)

for “If, in a chargeable period, a company has one or more associated companies” substitute “ In the case of a company (“C”), if, in a chargeable period, one or more companies are related 51% group companies of C ”, and

(ii)

for “number of associated” substitute “ number of related 51% group ”, and

(b)

omit subsection (5).