78(1)In subsection (3), for paragraphs (a) and (b) substitute—
“(a)by a transfer by way of sale in relation to which an election under section 569 of the Capital Allowances Act was made, or
(b)by a transfer to which section 268 of that Act applies,”.
(2)In subsection (4), for paragraph (a) substitute—
“(a)any allowance under the Capital Allowances Act,”.
(3)In subsection (7)—
(a)for “machinery or plant” (in each place) substitute “ plant or machinery ”,
(b)for “Part II of the 1990 Act, and neither section 79 (assets used only partly for trade purposes) nor section 80 (wear and tear subsidies) of that Act” substitute “ Part 2 of the Capital Allowances Act, and neither Chapter 15 (assets provided or used only partly for qualifying activity) nor Chapter 16 (partial depreciation subsidies) of that Part ”, and
(c)for “capital expenditure” substitute “ qualifying expenditure ”.