Finance Act 2005

Capital Allowances Act 2001 (c. 2)

27 (1) Paragraph 116 of Schedule 3 to CAA 2001 (transitional provision relating to sections 40A to 40D of F(No 2)A 1992 (films)) is amended as follows.

(2) In sub-paragraph (2)(b), for “master” in both places substitute “original master”.

(3) In sub-paragraph (2)(c)—

(a) for ““film,” substitute ““a film,”,

(b) for first “master” substitute “the original master”, and

(c) for second “master” substitute “original master”.

(4) In sub-paragraph (2)(d) for “substitution for section 40A(5)” substitute “insertion after section 40A(4)”.

(5) In sub-paragraph (2)(e)—

(a) for first “master” substitute “original master”,

(b) for ““film,” substitute ““a film,”, and

(c) for second “master” substitute “the original master”.

(6) In sub-paragraph (2)(f) to (i) for “master” in each place substitute “original master”.

(7) In sub-paragraph (2)(j) for the words from first “for” to the end substitute “for “original master versions of films”, of “a film, tape or disc” for “the original master version of a film” and of “film, tape or disc” for “original master version” (in both places);”.

(8) In sub-paragraph (2)(k) to (m) for “master” in each place substitute “original master”.

(9) In sub-paragraph (2)(n)—

(a) for ““film,” substitute ““a film,”, and

(b) for “master” substitute “the original master”.