http://www.legislation.gov.uk/ukpga/2000/17/section/75/2000-03-21Finance Act 2000An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.texttext/xmlenStatute Law Database2026-04-162000-03-21 Finance Act 2000Sch. 6 para. 6(1A)Finance Act 2012Sch. 32 para. 3(2)Finance Act 2000Sch. 6 para. 14(6)-(9)Finance Act 2012Sch. 32 para. 4Finance Act 2000Sch. 6 para. 15(3A)-(3D)Finance Act 2012Sch. 32 para. 5(5)Finance Act 2000Sch. 6 para. 15(4)(za)Finance Act 2012Sch. 32 para. 5(6)Finance Act 2000Sch. 6 para. 15A(1)Finance Act 2012Sch. 32 para. 6Finance Act 2000Sch. 6 para. 24(4A)(4B)Finance Act 2012Sch. 32 para. 7Finance Act 2000Sch. 6 para. 26(3A)Finance Act 2012Sch. 32 para. 8Finance Act 2000Sch. 6 para. 28A and cross-headingFinance Act 2012Sch. 32 para. 9Finance Act 2000Sch. 6 para. 29(8)Finance Act 2012Sch. 32 para. 10Finance Act 2000Sch. 6 para. 40(4)(5)Finance Act 2012Sch. 32 para. 13(3)Finance Act 2000Sch. 6 para. 42A(2)(a)Finance Act 2012Sch. 32 para. 14(2)Finance Act 2000Sch. 6 para. 42A(2A)Finance Act 2012Sch. 32 para. 14(3)Finance Act 2000Sch. 6 para. 42A(5) TableFinance Act 2012Sch. 32 para. 14(5)(a)Finance Act 2000Sch. 6 para. 42A(5) TableFinance Act 2012Sch. 32 para. 14(5)(b)Finance Act 2000Sch. 6 para. 42A(5)Finance Act 2012Sch. 32 para. 20(1)(a)Finance Act 2000Sch. 6 para. 42A(5)Finance Act 2012Sch. 32 para. 20(1)(b)Finance Act 2000Sch. 6 para. 42A(5)Finance Act 2012Sch. 32 para. 20(1)(c)Finance Act 2000Sch. 6 para. 42A(5A)-(5C)Finance Act 2012Sch. 32 para. 14(6)Finance Act 2000Sch. 6 para. 42A(6)Finance Act 2012Sch. 32 para. 14(7)Finance Act 2000Sch. 6 para. 42A(7)Finance Act 2012Sch. 32 para. 14(8)Finance Act 2000Sch. 6 para. 20A(1A)-(1C)Finance Act 2011Sch. 20 para. 2Finance Act 2000Sch. 6 para. 101(2)(a)(v) and wordFinance Act 2011Sch. 20 para. 7(b) Part IIIChapter II751In section 83 of the Capital Allowances Act 1990 (interpretation of Part II), after subsection (2) there shall be inserted—2AIn this Part (except in Chapter V and sections 64A and 75 to 78), references—ato a trade, orbto activities falling in accordance with section 28A, 29 or 61 to be treated as a trade,shall be construed as if activities were capable of being comprised in a trade, or of being treated as a trade, to the extent only that they are activities the profits or gains from which are, or (if there were any) would be, chargeable to income tax or corporation tax..2After section 79 of that Act there shall be inserted—79A1This section applies where—aany expenditure falls, for the purposes of making allowances or charges, to be treated in accordance with section 79 as incurred on the provision of machinery or plant for the purposes of a notional trade;bthere is such a change of circumstances as would make it appropriate for any reduction falling to be made under subsection (5) of that section—ifor the chargeable period in which the change takes place (“the relevant chargeable period”), oriifor any subsequent chargeable period,to represent a larger proportion of the amount reduced than would have been appropriate apart from the change;cno disposal value in respect of the machinery or plant would, apart from this section, fall to be brought into account for the relevant chargeable period; anddthe open market value of the machinery or plant at the end of the relevant chargeable period exceeds the qualifying expenditure in respect of the notional trade for that period by more than £1 million.2It shall be assumed that the notional trade is permanently discontinued immediately before the end of the relevant chargeable period.3Section 79(3) shall have effect as if immediately after the beginning of the following chargeable period expenditure had been incurred on the provision of the machinery or plant of an amount equal to the disposal value brought into account by virtue of subsection (2) above.4In this section “open market value” has the same meaning as in section 76..3In section 81 of that Act (effect of bringing an asset into use for the purposes of a trade after it has been used for a purpose that does not attract capital allowances), after subsection (2) there shall be inserted—2AAWhere—aa person is treated by virtue of subsection (1)(a) above as having incurred capital expenditure on the provision of machinery or plant, andbthe sum which (apart from this subsection) would be taken to be the amount of that expenditure is more than the amount of capital expenditure actually incurred by that person on the provision of the machinery or plant,the amount of the capital expenditure treated by virtue of subsection (1)(a) above as incurred on the provision of the machinery or plant shall be deemed (subject to subsection (2AB) below) to be equal to the amount actually so incurred by that person.2ABWhere any of the amount of capital expenditure actually incurred on the provision of the machinery or plant by the person in question would have fallen by virtue of section 75, 76 or 76A to be disregarded for the purposes of sections 24, 25 and 26 had it been in consequence of that expenditure that the machinery or plant was provided for the purposes of a trade, the references in subsection (2AA) above to that amount shall be construed as references to only so much of that expenditure as would not have fallen to be so disregarded..4In Schedule 19AC to the Taxes Act 1988 (overseas life insurance companies), in paragraph 10B (modifications of section 440), after sub-paragraph (2) there shall be inserted—2AThe following subsection shall be treated as inserted after subsection (4)—