Paragraph 8 CAA 2001

United Kingdom

(1)

CAA 2001 is amended as follows.

(2)

Omit section 13B (use for other purposes of plant or machinery: property businesses).

(3)

In section 15 (qualifying activities)—

(a)

in subsection (1)—

(i)

in paragraph (b), for “an ordinary” substitute “a”;

(ii)

omit paragraph (c);

(iii)

in paragraph (d) omit “ordinary”;

(iv)

omit paragraph (da);

(b)

in subsection (3)—

(i)

in paragraph (a), for “an ordinary” substitute “a”;

(ii)

in paragraph (b) omit “ordinary”.

(4)

Omit sections 16 to 17B (which define ordinary UK, or overseas, property business and UK, or EEA, furnished holiday lettings business).

(5)

In section 28 (qualifying expenditure: thermal insulation of buildings), in subsections (1) and (2)—

(a)

for “an ordinary UK”, in each subsection, substitute “a UK”;

(b)

for “an ordinary overseas”, in each subsection, substitute “an overseas”.

(6)

In section 33 (qualifying expenditure: personal security), in subsection (8)—

(a)

in paragraph (b), for “an ordinary” substitute “a”;

(b)

omit paragraph (c);

(c)

in paragraph (d) omit “ordinary”;

(d)

omit paragraph (da).

(7)

In section 35 (exclusion of certain expenditure on plant or machinery for use in a dwelling-house), in subsection (1)—

(a)

in paragraph (a), for “an ordinary” substitute “a”;

(b)

in paragraph (b) omit “ordinary”.

(8)

In section 59 (unrelieved qualifying expenditure)—

(a)

in subsection (4A), for “a relevant qualifying activity” substitute “the property business”;

(b)

omit subsection (7A).

(9)

In section 63 (cases in which disposal value of plant or machinery is nil), in subsection (3)—

(a)

in paragraph (b), for “an ordinary” substitute “a”;

(b)

omit paragraph (c);

(c)

in paragraph (d) omit “ordinary”;

(d)

omit paragraph (da) (but not the “or” after it).

(10)

In section 248 (treatment of allowances or charges in relation to UK property businesses)—

(a)

in the heading omit “Ordinary”;

(b)

in the words before paragraph (a), for “an ordinary” substitute “a”.

(11)

Omit section 249 (giving effect to allowances and charges: UK furnished holiday lettings businesses).

(12)

In section 250 (treatment of allowances or charges in relation to overseas property businesses)—

(a)

in the heading omit “Ordinary”;

(b)

in the words before paragraph (a) omit “Ordinary”.

(13)

Omit section 250A (giving effect to allowances and charges: EEA furnished holiday lettings businesses).

(14)

In section 270CA (qualifying activities)—

(a)

in paragraph (b), for “an ordinary” substitute “a”;

(b)

in paragraph (c) omit “ordinary”.

(15)

Omit section 270CB (meaning of ordinary UK or overseas property business).

(16)

In section 270CG (use for the purposes of a property business), in subsection (1)—

(a)

for “an ordinary UK” substitute “a UK”;

(b)

for “an ordinary overseas” substitute “an overseas”.

(17)

In section 270HB (allowances to be treated as expense of property businesses)—

(a)

in the heading omit “ordinary” in both places;

(b)

in paragraph (a), for “an ordinary” substitute “a”;

(c)

in paragraph (b) omit “ordinary”.

(18)

In section 536 (contributions not made by public bodies and not eligible for tax relief), in subsection (5)(a)—

(a)

in sub-paragraph (i), for “an ordinary” substitute “a”;

(b)

omit sub-paragraph (ii);

(c)

in sub-paragraph (iii) omit “ordinary”;

(d)

omit sub-paragraph (iiia).

(19)

In Part 2 of Schedule 1 (defined expressions) omit the entries for—

(a)

“EEA furnished holiday lettings business”;

(b)

“ordinary overseas property business”;

(c)

“ordinary UK property business”;

(d)

“UK furnished holiday lettings business”.