# Finance Act 2021, Section 114: Capital allowances for freeport tax sites


(1) Schedule 22 makes provision about capital allowances for expenditure incurred in connection with freeport tax sites.
(2) In that Schedule —
(a) Part 1 provides for a first-year allowance under Part 2 of CAA 2001 (plant and machinery allowances),
(b) Part 2 provides for a different rate of allowance under Part 2A of CAA 2001 (structures and buildings allowances), and
(c) Part 3 contains related amendments.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/section/114 (the official version)
Page: https://openlegislation.uk/finance-act-2021/section-114
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.