SCHEDULES

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

Machinery and plant: general

5(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.