Paragraph 16

(1)

Section 99 (long-life assets: the monetary limit) is amended as follows.

(2)

In subsection (4)—

(a)

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

(b)

in the definition of “N”, for “number of related 51% group” substitute “ number of associated ”.

(3)

After that subsection insert—

(4A)
The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of subsection (4).