Part 2

Plant and machinery allowances
Chapter 4

First-year qualifying expenditure

General

First-year allowances available for certain types of qualifying expenditure only
39
A first-year allowance is not available unless the qualifying expenditure is first-year qualifying expenditure under—
section 40 | expenditure incurred for Northern Ireland purposes by small or medium-sized enterprises,
section 44 | expenditure incurred by small or medium-sized enterprises, ...
section 45 | ICT expenditure incurred by small enterprises , ...
section 45A | expenditure on energy-saving plant or machiner ,
section 45D | expenditure on cars with low CO 2 emissions,
section 45E | expenditure on plant or machinery for gas refuelling station , or
section 45F | expenditure on plant and machinery for use wholly in a ring fence trade.
Word in s. 39 repealed (with effect in accordance with s. 65 of the amending Act) by Finance Act 2001 (c. 9), s. 110, Sch. 33 Pt. 2(4) Note
Words in s. 39 inserted (with effect as mentioned in s. 65 of the amending Act) by Finance Act 2001 (c. 9), s. 65, Sch. 17 para. 1
Word in s. 39 repealed (with effect as mentioned in s. 59 of the amending Act) by Finance Act 2002 (c. 23), s. 141, (Sch. 40 Pt. 3(7) Note)
Words in s. 39 inserted (with effect as mentioned in s. 59 of the amending Act) by Finance Act 2002 (c. 23), s. 59, Sch. 19 para. 2
Words in s. 39 inserted (with effect as mentioned in s. 61 of the amending Act) by Finance Act 2002 (c. 23), s. 61, Sch. 20 para. 2
Words in s. 39 inserted (with effect as mentioned in s. 63 of the amending Act) by Finance Act 2002 (c. 23), s. 63, Sch. 21 para. 2
Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))