This section has no associated Explanatory Notes
63(1)Sections 370 and 371 do not apply if—U.K.
(a)expenditure is incurred before 9 October 2007, or
(b)a company becomes entitled to a deduction in calculating its profits or losses for corporation tax purposes as a result of any plant or machinery forming part of its trading stock before that date.
(2)Section 372 does not apply if the lease referred to as “lease B” in subsection (1)(c) of that section is entered into before 13 December 2007.
(3)Sections 373 to 375 do not apply in relation to arrangements entered into before 9 October 2007.