- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
10.—(1) The Capital Allowances Act 2001(1) is amended as follows.
(2) In section 51G(7)(2), in the definition of “NACE classification” for the words “from time to time” substitute “in EU law”.
(3) In section 266(8) for “transfer of UK trade to a company in another member State” substitute “transfer or division of UK business”.
(4) In section 560(3) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
(5) In section 561(3)—
(a)in subsection (1)(a)—
(i)for “member State” substitute “relevant state”;
(ii)for “member States” substitute “relevant states”;
(b)in subsection (4) for “member State” substitute “relevant state”;
(c)after subsection (4) insert—
“(4A) In this section “relevant state” means the United Kingdom or a member State.”.
(6) In section 564(4) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
(7) In section 567(5) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
(8) In section 573(4) for “transfer of a UK trade to a company resident in another member State” substitute “transfer or division of UK business”.
Section 51G(7) was inserted by paragraph 3 of Schedule 24 to the Finance Act 2008 (c. 9).
Section 561(1) was substituted by S.I. 2007/3186.
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.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: