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SCHEDULES

SCHEDULE 13Capital Allowances: Miscellaneous Amendments

Scientific research allowance: writing off of expenditure

2(1)In section 8(5)(b) of that Act, for the words “ceases to be used by the person in question for scientific research connected with the trade” there shall be substituted the words “ceases to belong to the person in question”.

(2)This paragraph shall apply where an asset ceases to belong to a person on or after 6th April 1990.