Finance Act 1965 (c. 25)

SCHEDULES.

SCHEDULE 14 Adaptation of System of Capital Allowances.

PART III Machinery and Plant.

13 In section 297(6) of the Income Tax Act 1952 (meaning of " expenditure unallowed ") for the words " or for a year of assessment the basis period for which ended before the time in question " there shall be substituted the words " or for any other chargeable period if that chargeable period or its basis period ended before the time in question ".