Finance Act 1982

73 Industrial buildings allowance: very small workshops

(1) Chapter I of Part I of the [1968 c. 3.] Capital Allowances Act 1968 (industrial buildings allowances) shall apply with the modifications specified in paragraphs 1 to 3 of Schedule 13 to the [1980 c. 48.] Finance Act 1980 in relation to capital expenditure on the construction of an industrial building to which this section applies if the expenditure is incurred after 26th March 1983 and before 27th March 1985.

(2) This section applies to an industrial building if the gross internal floor space of the whole building will not exceed 1,250 square feet.

(3) Subsections (3) to (6) of section 75 of the [1980 c. 48.] Finance Act 1980 (small workshops allowance) shall apply for the purposes of this section as they apply for the purposes of that section and accordingly—

(a) in subsection (3) the reference to subsection (2) of that section shall be construed as including a reference to subsection (2) of this section ; and

(b) in subsections (4) and (5) the references to subsection (1) of that section shall be construed as including a reference to subsection (1) of this section.

(4) The Tax Acts shall have effect as if this section were contained in Chapter I of Part I of the said Act of 1968.