Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Capital allowances
F1117. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
118 Expenditure on machinery or plant: notification.
F21
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F22
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F23
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F23A
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F24
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F25
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6
For the purposes of—
b
section 44(4) of the Finance Act 1971 (provision corresponding to section 25(1) applicable to earlier chargeable periods),
expenditure which has not formed part of a person’s qualifying expenditure for a previous chargeable period may not form part of his qualifying expenditure for a subsequent chargeable period unless the machinery or plant on which the expenditure was incurred belongs to that person at some time in that subsequent period F5. . .
F27
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F28
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F29
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119 Transactions between connected persons.
F61
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2
Paragraph 4(2) of Schedule 7 to the M1Capital Allowances Act 1968 (provision corresponding to section 158(2)) shall be assumed always to have had effect subject to amendments corresponding to those made to section 158(2) of the 1990 Act by section 117(2) and (3) of the Finance Act 1993.