Search Legislation

Finance Act 2001

Status:

This is the original version (as it was originally enacted).

Part 2Consequential amendments

1In section 1(2) of the Capital Allowances Act 2001 (c. 2) (capital allowances provided for by Act), after paragraph (c) insert—

(ca)Part 4A (flat conversion allowances);.

2In section 2(3) of that Act (provisions about giving effect to allowances and charges), after the entry in the list for sections 391 and 392 of that Act insert—

section 393T (flat conversion allowances);.

3In section 537(1) of that Act (general conditions for making contribution allowances under Parts 2 to 5), and in the section heading and the cross-heading preceding that section, for “Parts 2 to 5” substitute “Parts 2 to 4 and 5”.

4In section 542(1) of that Act (effect of transfers of C’s trade or relevant activity), for “Parts 3 to 5” substitute “Parts 3, 4 and 5”.

5In section 567(1) of that Act (Parts of Act for purposes of which provisions about sales not at market value apply), after “4,” insert “4A,”.

6In section 570(1) of that Act (elections under section 569: supplementary), after “Part 4” insert “or 4A”.

7In section 573(1) of that Act (transfers treated as sales), after “4” insert “, 4A”.

8(1)Part 2 of Schedule 1 to that Act (list of defined expressions) is amended as follows.

(2)Insert the following entries in the appropriate places—

“balancing adjustment (in Part 4A)section 393M”
“balancing event (in Part 4A)section 393N”
“dwelling (in Part 4A)section 393A(4)”
“flat (in Part 4A)section 393A(3)”
“lease and related expressions (in Part 4A)section 393W”
“proceeds from a balancing event (in Part 4A)section 393O”
“qualifying building (in Part 4A)section 393C”
“qualifying flat (in Part 4A)section 393D”
“relevant interest (in Part 4A)Chapter 4 of Part 4A”
“residue of qualifying expenditure (in Part 4A)section 393L”

(3)In the entry for “sale, transfers under Parts 3, 4 and 10 treated as”, after “4” insert “, 4A”.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources