Capital Allowances Act 2001U.K.
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”.
Commencement Information
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.