Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 1 U.K. Minor and consequential amendments

Part 2 U.K. Other enactments

Capital Allowances Act 2001 (c. 2) U.K.

408 U.K. In section 479 (persons having qualifying non-trade expenditure: income tax) after subsection (2) insert—

“(2A) The allowance is given effect at Step 2 of the calculation in section 23 of ITA 2007.”