SCHEDULES

SCHEDULE 11Expenditure on plant and machinery for use in designated assisted areas

5

1

Section 52 (first-year allowances) is amended as follows.

2

In subsection (3), at the appropriate place in the Table insert—

Expenditure qualifying under section 45K (expenditure on plant and machinery for use in designated assisted areas)

100%

3

In subsection (5)—

a

omit the “and” at the end of the entry for section 212T, and

b

after that entry insert— “ section 212U (cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas), and ”.