SCHEDULES

SCHEDULE 24Annual investment allowance

Part 1Amendments of CAA 2001

8

1

Section 217 (restrictions on allowances) is amended as follows.

2

In subsection (1), for “a first-year allowance is not” substitute “ no annual investment allowance or first-year allowance is ”.

3

In subsection (2), after “Any” insert “ annual investment allowance or ”.

4

In the heading, after “No” insert “ annual investment allowance or ”.