Part 1

Introduction
Chapter 1

Capital allowances: general

Capital allowances
1
1
This Act provides for allowances in respect of capital expenditure (and for charges in connection with those allowances).
2
The allowances for which this Act provides are those under—
a
Part 2 (plant and machinery allowances);
aa
Part 2A (structures and buildings allowances);
b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ba
Part 3A (business premises renovation allowances)
c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ca. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d
Part 5 (mineral extraction allowances);
e
Part 6 (research and development allowances);
f
Part 7 (know-how allowances);
g
Part 8 (patent allowances);
h
Part 9 (dredging allowances);
i
Part 10 (assured tenancy allowances).
3
This Act also provides for allowances in respect of contributions to expenditure incurred on plant or machinery ... for the purposes of a mineral extraction trade or on dredging (see Part 11).
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
S. 1(2)(ba) inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 2; S.I. 2007/949, art. 2
S. 1(2)(b) omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 2(a)
S. 1(2)(c) omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 2(a)
Words in s. 1(3) omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 2(b)
S. 1(2)(ca) omitted (with effect in accordance with Sch. 39 para. 40 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 38(2) (with Sch. 39 paras. 41, 42)
S. 1(4)(5) omitted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by virtue of Finance (No. 2) Act 2017 (c. 32), Sch. 2 para. 49
S. 1(2)(aa) inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 3(2)