Capital Allowances Act 2001

Section 577

Schedule 1 U.K. Abbreviations and defined expressions

Part 1 U.K. Abbreviations

[F1 FA followed by a year	The Finance Act of that year]
[F1 F(No.2)A followed by a year	The Finance (No.2) Act of that year.]
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
CAA 1968	The Capital Allowances Act 1968 (c. 3)
TMA 1970	The Taxes Management Act 1970 (c. 9)
F2 . . .	F2 . . .
OTA 1975	The Oil Taxation Act 1975 (c. 22)
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
ICTA	The Income and Corporation Taxes Act 1988 (c. 1)
F2 . . .	F2 . . .
CAA 1990	The Capital Allowances Act 1990 (c. 1)
TCGA 1992	The Taxation of Chargeable Gains Act 1992 (c. 12)
F2 . . .	F2 . . .
VATA 1994	The Value Added Tax Act 1994 (c. 23)
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
F2 . . .	F2 . . .
[F3 ITEPA 2003	The Income Tax (Earnings and Pensions) Act 2003]
[F4 ITTOIA 2005	The Income Tax (Trading and Other Income) Act 2005]
F2 . . .	F2 . . .
F2 . . .	F2 . . .
[F5 ITA 2007	The Income Tax Act 2007.]
[F6 CTA 2009	The Corporation Tax Act 2009]
[F7 CTA 2010	The Corporation Tax Act 2010]

Textual Amendments

F1 Words in Sch. 1 Pt. 1 inserted (21.7.2009) by Finance Act 2009 (c. 10), s. 126(3)

F2 Words in Sch. 1 Pt. 1 omitted (21.7.2009) by virtue of Finance Act 2009 (c. 10), s. 126(4)

F3 Words in Sch. 1 Pt. 1 inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 255 (with Sch. 7)

F4 Words in Sch. 1 Pt. 1 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(2) (with Sch. 2)

F5 Words in Sch. 1 Pt. 1 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(2) (with Sch. 2)

F6 Words in Sch. 1 Pt. 1 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(2) (with Sch. 2 Pts. 1, 2)

F7 Words in Sch. 1 Pt. 1 inserted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(2) (with Sch. 2)

Part 2 U.K. Defined expressions

accounting period	[F8 Chapter 2 of Part 2 of CTA 2009]
additional VAT liability	section 547(1)
additional VAT rebate	section 547(2)
F9 . . .	F9 . . .
adjusted net cost (in Chapter 6 of Part 10)	section 522
F9 . . .	F9 . . .
[F10 AIA qualifying expenditure	section 38A]
[F11 applicable CO2 emissions figure (in Part 2)	section 268C]
approved body (in Part 10)	section 492
assured tenancy	section 490(3)
available qualifying expenditure (in Part 2)	section 57
available qualifying expenditure (in Part 7)	section 459
available qualifying expenditure (in Part 8)	section 473
F9 . . .	F9 . . .
[F12 balancing adjustment (in Part 3A)	section 360M]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
balancing adjustment (in Part 10)	section 513
F9 . . .	F9 . . .
[F12 balancing event (in Part 3A)	section 360N]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
balancing event (in Part 10)	section 514
[F14 basic life assurance and general annuity business	sections 57 and 67(5) of FA 2012 (as applied by section 141(2) of that Act)]
body of persons	[F15 section 989 of ITA 2007 and] [F16 section 1119 of CTA 2010]
F17 . . .	F17 . . .
F9 . . .	F9 . . .
capital expenditure	section 4 and (in Chapter 2 of Part 1) section 10(1)
capital sum	section 4
car (in Part 2)	[F18 section 268A]
[F19 the charge to corporation tax on income	section 2(3) of CTA 2009 (as applied by [F20 section 1119 of CTA 2010])]
chargeable period	section 6
F9 . . .	F9 . . .
connected persons (general meaning)	[F21 section 575]
connected persons (special extended meaning for certain purposes)	sections 156, 232, 246(2) and 266(5)
control	section 574
[F22 the corporate partner calculation (in relation to a trade carried on by a Northern Ireland firm)	section 6D(3)]
the Corporation Tax Acts	section 831(1) of ICTA
F9 . . .	F9 . . .
development and development order (in Part 5)	section 436
disposal event (in Part 2)	section 60(2)
disposal event (in Chapter 3 of Part 6)	section 443(7)
disposal receipt (in Part 2)	section 60
disposal receipt (in Part 5)	section 420
disposal receipt (in Chapter 3 of Part 8)	section 476(1)
dredging	section 484(3), (4)
dual resident investing company	section 577(1) and [F23 section 949 of CTA 2010]
dwelling-house	section 531(1)
F13 . . .	F13 . . .
F9 . . .	F9 . . .
F9 . . .	F9 . . .
F9 . . .	F9 . . .
[F24 EEA furnished holiday lettings business	section 17B]
[F11 electrically-propelled (in Part 2)	section 268B]
expenditure on the construction of a building (in Part 10)	section 493
final chargeable period (in Part 2)	section 65
final chargeable period (in Part 7)	section 457(5)
final chargeable period (in Part 8)	section 471(5) and (6)
first-year qualifying expenditure	Chapter 4 of Part 2
fixture (in Part 2)	section 173(1)
F25 . . .	F25 . . .
F13 . . .	F13 . . .
F26 . . .	F26 . . .
F27 . . .	F27 . . .
general development order (in Part 5)	section 436
F9 . . .	F9 . . .
F9 . . .	F9 . . .
[F11 hire car for a disabled person (in Part 2)	section 268D]
[F14 I - E rules	section 70(1) and (2) of FA 2012 (as applied by section 141(2) of that Act)]
income from patents (in Part 8)	section 483 and paragraph 101(5) of Schedule 3
F9 . . .	F9 . . .
F28 . . .	F28 . . .
[F14 insurance company	section 65 of FA 2012 (as applied by section 141(2) of that Act]
interest in an oil licence (in Chapter 3 of Part 12)	section 552(4)
investment company	section 130 of ICTA
investment asset (in relation to life assurance business)	section 545(2)
know-how (in Part 7)	section 452(2)
F9 . . .	F9 . . .
[F12 lease and related expressions (in Part 3A)	section 360Z4]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
lease and related expressions (in Part 10)	section 531
F29 . . .	F29 . . .
long-life asset (in Chapter 10 of Part 2)	section 91
long-life asset expenditure (in F30 ... Part 2)	section 90
[F14 long-term business	section 63(1) of FA 2012 (as applied by section 141(2) of that Act)]
market value	section 577(1)
mineral asset (in Part 5)	section 397
mineral exploration and access (in Part 5)	section 396
mineral extraction trade (in Part 5)	section 394(2)
mineral deposits (in Part 5)	section 394(3)
[F11 motor cycle (in Part 2)	section 268A]
[F22 NI rate activity	section 6C]
[F22 NIRE company	section 6A]
[F14 non-BLAGAB long-term business	sections 66 and 67 of FA 2012 (as applied by section 141(2) of that Act)]
normal time limit for amending a tax return	section 577(1)
[F22 Northern Ireland Chapter 6 firm	section 6B(3)]
[F22 Northern Ireland Chapter 7 firm	section 6B(4)]
[F22 Northern Ireland firm	section 6B(2)]
[F22 [F31 an SME (Northern Ireland employer) company]	section 6A]
notice	section 577(1)
[F32 offshore installation (except in Chapter 13 of Part 2)	[F33 sections 1001 and 1002 of ITA 2007 and] [F34 section 1132 of CTA 2010]]
oil (in Chapter 3 of Part 12)	section 556(3)
oil licence (in Chapter 3 of Part 12)	section 552(1)
[F24 ordinary overseas property business	section 17A]
[F24 ordinary UK property business	section 16]
F27 . . .	F27 . . .
overseas property business	[F35 Chapter 2 of Part 3 of ITTOIA 2005 (as applied by section 989 of ITA 2007) and Chapter 2 of Part 4 of CTA 2009 (as applied by [F36 section 1119 of CTA 2010])]
partial depreciation subsidy	section 209
patent rights (in Part 8)	section 464(2)
planning permission (in Part 5)	section 436
F9 . . .	F9 . . .
[F12 proceeds from a balancing event (in Part 3A)	section 360O]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
proceeds from a balancing event (in Part 10)	section 515
property business	section 577(1)
public body (in Chapter 1 of Part 11)	section 532(2)
qualifying activity (in Part 2)	Chapter 2 of Part 2
[F12 qualifying building (in Part 3A)	section 360C]
F13 . . .	F13 . . .
[F12 qualifying business premises (in Part 3A)	section 360D]
qualifying dwelling-house (in Part 10)	section 490(2) and Chapter 4 of Part 10
F9 . . .	F9 . . .
[F11 qualifying emissions certificate (in Part 2)	section 268C]
[F12 qualifying expenditure (in Part 3A)	section 360B]
qualifying expenditure attributable to a dwelling-house (in Part 10)	section 511
F13 . . .	F13 . . .
qualifying hire car (in Part 2)	section 82
F9 . . .	F9 . . .
qualifying non-trade expenditure (in Part 8)	section 469
qualifying trade expenditure (in Part 8)	section 468
F9 . . .	F9 . . .
qualifying trade (in Part 9)	section 484(2)
F9 . . .	F9 . . .
F9 . . .	F9 . . .
F37 . . .	F37 . . .
[F38 relevant cut-off (in Chapter 9 of Part 2)	section 86(3)]
[F12 relevant interest (in Part 3A)	Chapter 4 of Part 3A]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
relevant interest (in Part 10)	Chapter 2 of Part 10
relevant trade (in Part 6)	section 439(3)
research and development	section [F39 437(2) and (3)]
F9 . . .	F9 . . .
[F12 residue of qualifying expenditure (in Part 3A)	section 360K]
F9 . . .	F9 . . .
F13 . . .	F13 . . .
residue of qualifying expenditure attributable to a dwelling-house (in Part 10)	section 512
ring fence trade (in Chapter 13 of Part 2)	section 162(2)
sale	section 572(1) to (3)
sale, time of	section 572(4)
sale, transfers under PartsF40 ... 3A,F40 ... F41 ... and 10 treated as	section 573
sale, treated as occurring on successions, for purposes of Parts other than Parts 2, 6 and 10	section 559
F42 . . .	F42 . . .
short-life asset (in Part 2)	section 83
source of mineral deposits (in Part 5)	section 394(5)
special leasing (in Part 2)	section 19
[F43 special rate expenditure (in Part 2)	section 104A]
[F44 special tax site	section 573A]
tax	[F45 section 1119 of CTA 2010]
the Tax Acts	Schedule 1 to the Interpretation Act 1978 and section 831 of ICTA
tax advantage	section 577(4)
tax return	section 3(3)
tax year	[F46 section 4(2) of ITA 2007 (as applied by section 989 of that Act)]
[F24 UK furnished holiday lettings business	section 17]
UK oil licence	section 552(2)
[F47 UK property business	F48 ...Chapter 2 of Part 3 of ITTOIA 2005] [F49 (as applied by section 989 of ITA 2007)] [F50 and Chapter 2 of Part 4 of CTA 2009 (as applied by [F51 section 1119 of CTA 2010])]
United Kingdom	[F52 section 1013 of ITA 2007 and [F53 section 1170 of CTA 2010]]
unrelieved qualifying expenditure (in Part 2)	section 59
unrelieved qualifying expenditure (in Part 5)	section 419
unrelieved qualifying expenditure (in Part 7)	section 461
unrelieved qualifying expenditure (in Part 8)	section 475
within the charge to tax	[F54 section 1009 of ITA 2007 and] [F55 section 1167 of CTA 2010]
F9 . . .	F9 . . .
writing-down period (in Part 9)	section 487(2)

Textual Amendments

F8 Words in Sch. 1 Pt. 2 substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(a) (with Sch. 2 Pts. 1, 2)

F9 Sch. 1 Pt. 2 entries omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 19(2)

F10 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 24 para. 23 of the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 15

F11 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 23(3) (with Sch. 11 paras. 30-32)

F12 Sch. 1 Pt. 2 entries inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 11; S.I. 2007/949, art. 2

F13 Sch. 1 Pt. 2 entries omitted (with effect in accordance with Sch. 39 para. 40 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 38(8) (with Sch. 39 paras. 41, 42)

F14 Sch. 1 Pt. 2 entries inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 107(3)

F15 Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(a) (with Sch. 2)

F16 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(a) (with Sch. 2)

F17 Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(a), 5; S.I. 2005/1126, art. 2(2)(h)(i)

F18 Words in Sch. 1 Pt. 2 substituted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 23(2) (with Sch. 11 paras. 30-32)

F19 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(b) (with Sch. 2 Pts. 1, 2)

F20 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(b) (with Sch. 2)

F21 Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(b) (with Sch. 2)

F22 Words in Sch. 1 Pt. 2 Table inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), Sch. 1 para. 18

F23 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(c) (with Sch. 2)

F24 Sch. 1 Pt. 2: entries inserted (with effect in accordance with Sch. 14 para. 13 of the amending Act) by Finance Act 2011 (c. 11), Sch. 14 para. 12(17)(b)

F25 Words in Sch. 1 Pt. 2 omitted (11.7.2023) by virtue of Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 16(a)

F26 Sch. 1: entry omitted (19.7.2011) by virtue of Finance Act 2011 (c. 11), s. 12(6)(b)

F27 Sch. 1 Pt. 2: entries omitted (with effect in accordance with Sch. 14 para. 13 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 14 para. 12(17)(a)

F28 Words in Sch. 1 Pt. 2 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 86(b), 5; S.I. 2005/1126, art. 2(2)(h)(i)

F29 Sch. 1 Pt. 2 entry omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 107(2)

F30 Words in Sch. 1 Pt. 2 repealed (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14), Sch. 43 Pt. 3(9)

F31 Words in Sch. 1 substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 24(j)

F32 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 27 para. 11 of the amending Act) by Finance Act 2004 (c. 12), Sch. 27 para. 10

F33 Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(c) (with Sch. 2)

F34 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(d) (with Sch. 2)

F35 Words in Sch. 1 Pt. 2 substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(c) (with Sch. 2 Pts. 1, 2)

F36 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(e) (with Sch. 2)

F37 Words in Sch. 1 Pt. 2 omitted (with effect in accordance with Sch. 1 para. 33 of the amending Act) by virtue of Finance Act 2021 (c. 26), Sch. 1 para. 17

F38 Words in Sch. 1 inserted (19.7.2011) by Finance Act 2011 (c. 11), s. 12(6)(a)

F39 Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(e) (with Sch. 2)

F40 Word in Sch. 1 Pt. 2 omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 19(3)

F41 Word in Sch. 1 Pt. 2 omitted (with effect in accordance with Sch. 39 para. 40 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 38(9) (with Sch. 39 paras. 41, 42)

F42 Sch. 1 Pt. 2 entry repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(d), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)

F43 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with Sch. 26 para. 14 of the amending Act) by Finance Act 2008 (c. 9), Sch. 26 para. 13

F44 Words in Sch. 1 Pt. 2 inserted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 16(b)

F45 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(f) (with Sch. 2)

F46 Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(g) (with Sch. 2)

F47 Words in Sch. 1 Pt. 2 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 574(3)(c) (with Sch. 2)

F48 Words in Sch. 1 Pt. 2 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h), Sch. 3 Pt. 1 (with Sch. 2)

F49 Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(h) (with Sch. 2)

F50 Words in Sch. 1 Pt. 2 inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 522(3)(e) (with Sch. 2 Pts. 1, 2)

F51 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(g) (with Sch. 2)

F52 Words in Sch. 1 Pt. 2 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(i) (with Sch. 2)

F53 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(h) (with Sch. 2)

F54 Words in Sch. 1 Pt. 2 inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 413(3)(j) (with Sch. 2)

F55 Words in Sch. 1 Pt. 2 substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 365(3)(i) (with Sch. 2)