# The Strategic Rail Authority (Capital Allowances) Order 2001, Note: Explanatory note


(This note is not part of the Order)
This Order makes provision relating to the expenditure which the Strategic Rail Authority, for the purposes of capital allowances under the Corporation Tax Acts, is to be taken as having incurred on certain plant and machinery which is transferred to it under provisions in Part IV of the Transport Act 2000.
Article 2 prescribes the amount of expenditure which the Authority, for the purposes of capital allowances under the Corporation Tax Acts, is to be taken as having incurred on the plant and machinery which is transferred to it from the Franchising Director by virtue of section 215 of the Transport Act 2000.
Article 3 provides a mechanism for the determination of the amount of expenditure which the Strategic Rail Authority (“the Authority”) is for capital allowances purposes to be taken as having incurred on the plant and machinery which is transferred to it from the British Railways Board by virtue of paragraph 11 of Schedule 18 to the Transport Act 2000 (transfer of property, rights and liabilities relating to the British Transport Police).
The amount will be that determined by the Secretary of State to be equivalent to the plant and machinery capital allowances “pool” attributable to the British Transport Police activities (calculated on the notional basis that these had been at all times treated separately from the remainder of the Board’s activities) in the British Railways Board immediately prior to the transfer.

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Source: https://www.legislation.gov.uk/uksi/2001/262/note (the official version)
Page: https://openlegislation.uk/strategic-rail-authority-capital-allowances-order-2001/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.