{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-5/paragraph-8",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-5/paragraph-8.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/5/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": "CAA 2001",
  "text": "(1) CAA 2001 is amended as follows.\n(2) Omit section 13B (use for other purposes of plant or machinery: property businesses).\n(3) In section 15 (qualifying activities)—\n(a) in subsection (1)—\n(i) in paragraph (b), for “an ordinary” substitute “a”;\n(ii) omit paragraph (c);\n(iii) in paragraph (d) omit “ordinary”;\n(iv) omit paragraph (da);\n(b) in subsection (3)—\n(i) in paragraph (a), for “an ordinary” substitute “a”;\n(ii) in paragraph (b) omit “ordinary”.\n(4) Omit sections 16 to 17B (which define ordinary UK, or overseas, property business and UK, or EEA, furnished holiday lettings business).\n(5) In section 28 (qualifying expenditure: thermal insulation of buildings), in subsections (1) and (2)—\n(a) for “an ordinary UK”, in each subsection, substitute “a UK”;\n(b) for “an ordinary overseas”, in each subsection, substitute “an overseas”.\n(6) In section 33 (qualifying expenditure: personal security), in subsection (8)—\n(a) in paragraph (b), for “an ordinary” substitute “a”;\n(b) omit paragraph (c);\n(c) in paragraph (d) omit “ordinary”;\n(d) omit paragraph (da).\n(7) In section 35 (exclusion of certain expenditure on plant or machinery for use in a dwelling-house), in subsection (1)—\n(a) in paragraph (a), for “an ordinary” substitute “a”;\n(b) in paragraph (b) omit “ordinary”.\n(8) In section 59 (unrelieved qualifying expenditure)—\n(a) in subsection (4A), for “a relevant qualifying activity” substitute “the property business”;\n(b) omit subsection (7A).\n(9) In section 63 (cases in which disposal value of plant or machinery is nil), in subsection (3)—\n(a) in paragraph (b), for “an ordinary” substitute “a”;\n(b) omit paragraph (c);\n(c) in paragraph (d) omit “ordinary”;\n(d) omit paragraph (da) (but not the “or” after it).\n(10) In section 248 (treatment of allowances or charges in relation to UK property businesses)—\n(a) in the heading omit “Ordinary”;\n(b) in the words before paragraph (a), for “an ordinary” substitute “a”.\n(11) Omit section 249 (giving effect to allowances and charges: UK furnished holiday lettings businesses).\n(12) In section 250 (treatment of allowances or charges in relation to overseas property businesses)—\n(a) in the heading omit “Ordinary”;\n(b) in the words before paragraph (a) omit “Ordinary”.\n(13) Omit section 250A (giving effect to allowances and charges: EEA furnished holiday lettings businesses).\n(14) In section 270CA (qualifying activities)—\n(a) in paragraph (b), for “an ordinary” substitute “a”;\n(b) in paragraph (c) omit “ordinary”.\n(15) Omit section 270CB (meaning of ordinary UK or overseas property business).\n(16) In section 270CG (use for the purposes of a property business), in subsection (1)—\n(a) for “an ordinary UK” substitute “a UK”;\n(b) for “an ordinary overseas” substitute “an overseas”.\n(17) In section 270HB (allowances to be treated as expense of property businesses)—\n(a) in the heading omit “ordinary” in both places;\n(b) in paragraph (a), for “an ordinary” substitute “a”;\n(c) in paragraph (b) omit “ordinary”.\n(18) In section 536 (contributions not made by public bodies and not eligible for tax relief), in subsection (5)(a)—\n(a) in sub-paragraph (i), for “an ordinary” substitute “a”;\n(b) omit sub-paragraph (ii);\n(c) in sub-paragraph (iii) omit “ordinary”;\n(d) omit sub-paragraph (iiia).\n(19) In Part 2 of Schedule 1 (defined expressions) omit the entries for—\n(a) “EEA furnished holiday lettings business”;\n(b) “ordinary overseas property business”;\n(c) “ordinary UK property business”;\n(d) “UK furnished holiday lettings business”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/5/paragraph/8",
    "retrieved_at": "2026-10-29T08:47:01.939707+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}