Part 2 Plant and machinery allowances

F1Chapter 10ASpecial rate expenditure

Special rate expenditure

104ASpecial rate expenditure

(1)

“Special rate expenditure” means—

(a)

expenditure incurred on or after the relevant date to which section 28 (thermal insulation) applies,

(b)

expenditure incurred on or after that date to which section 33A (integral features) applies,

(c)

long-life asset expenditure (within the meaning of Chapter 10) incurred on or after that date, and

(d)

long-life asset expenditure (within the meaning of that Chapter) incurred before that date but allocated to a pool in a chargeable period beginning on or after that date.

(2)

The relevant date is—

(a)

for corporation tax purposes, 1 April 2008, and

(b)

for income tax purposes, 6 April 2008.