SCHEDULES
F1SCHEDULE 17
Machinery and plant: general
3
1
Section 22 (first-year allowances: transitional relief for regional projects) shall be amended as follows.
2
The following subsection shall be substituted for subsection (7)—
7
A claim for one or more first-year allowances to be made for any chargeable period may require that the amount of the allowance, or aggregate amount of the allowances, be reduced to an amount specified in that behalf in the claim.
3
In subsection (8) the words “disclaimer or” shall be omitted.
4
Subsection (9) shall cease to have effect.
4
1
Section 23 (information relating to first-year allowances) shall be amended as follows.
2
In subsection (1) the words “by a person other than a company”, the words from “, and a” to “an allowance,” and, in paragraphs (b) and (c), the words “or deduction” shall be omitted.
3
In subsection (2) the words “other than a company” and the words from “, or a” to “company,” shall be omitted.
5
1
Section 24 (writing-down allowances and balancing adjustments) shall be amended as follows.
2
In subsection (3) the words “in connection with a trade carried on by a person other than a company” shall be omitted.
3
Subsection (4) shall cease to have effect.
6
1
Section 25 (qualifying expenditure) shall be amended as follows.
2
In subsection (1)(a)(ii) the words from “in the case of a person” to “of a company” shall be omitted.
3
Subsection (2) shall be omitted.
4
In subsection (3) the words “, but not being a company,” shall be omitted.
5
In subsection (4)—
a
in paragraph (a) the words “(whether a company or not)” shall be omitted; and
b
in paragraph (b) the words “, in the case of a person other than a company,” shall be omitted.
Sch. 17 repealed (22.3.2001 with effect as mentioned in s. 579(1) of the repealing Act) by 2001 c. 2, s. 580, Sch. 4