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SCHEDULES

SCHEDULE 9Capital allowances for plant and machinery: anti-avoidance

Restriction of exception for manufacturers and suppliers

7(1)Section 230 of CAA 2001 (exception for manufacturers and suppliers), as amended by section 41 of this Act, is amended as follows.

(2)For subsection (1) substitute—

(1)The restrictions in sections 217 and 218 do not apply in relation to any plant or machinery if—

(a)the relevant transaction is within section 213(1)(a) or (b),

(b)the case does not fall within section 215, and

(c)the conditions in subsection (3) are met.

(3)Omit subsection (2).