SCHEDULES

SCHEDULE 17Capital Allowances: Assimilation of Claims by Companies to Claims by Individuals

Machinery and plant: general

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1

Section 24 (writing-down allowances and balancing adjustments) shall be amended as follows.

2

In subsection (3) the words “in connection with a trade carried on by a person other than a company” shall be omitted.

3

Subsection (4) shall cease to have effect.