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SCHEDULES

SCHEDULE 15Capital allowances: Schedule A cases etc

Meaning of capital expenditure

7In section 159 of that Act of 1990, after subsection (1) (capital expenditure and capital sums not to include trading expenses and receipts) there shall be inserted the following subsection—

(1A)References in subsection (1) above to a trade include references to a Schedule A business or to any such activities as are mentioned in section 28A(2).