{
  "url": "https://openlegislation.uk/finance-act-2019/section-32",
  "json_url": "https://openlegislation.uk/finance-act-2019/section-32.json",
  "legislation": "ukpga/2019/1",
  "legislation_title": "Finance Act 2019",
  "legislation_url": "https://openlegislation.uk/finance-act-2019",
  "path": "section/32",
  "kind": "section",
  "number": "32",
  "heading": "Temporary increase in annual investment allowance",
  "text": "(1) In relation to expenditure incurred during the period beginning with 1 January 2019 and ending with 31 March 2023, section 51A of CAA 2001 (entitlement to annual investment allowance) has effect as if in subsection (5) the amount specified as the maximum allowance were £1,000,000.\n(2) Schedule 13 contains provision about chargeable periods which straddle 1 January 2019 or 1 April 2023.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 32 ceases to have effect (in relation to chargeable periods beginning before 1.4.2023 and ending on or after that date) by virtue of Finance (No. 2) Act 2023 (c. 30), s. 8(2)(b)(3)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 32(1) substituted (24.2.2022) by Finance Act 2022 (c. 3), s. 12(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 32(2) substituted (24.2.2022) by Finance Act 2022 (c. 3), s. 12(2)(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2019/1/section/32",
    "retrieved_at": "2026-10-28T16:59:50.659293+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}