SCHEDULES

SCHEDULE 25First-year tax credits

Part 1Amendments of CAA 2001

3

1

Section 3 (claims for capital allowances) is amended as follows.

2

In subsection (1), after “Act” insert “, and no first-year tax credit is to be paid under Schedule A1,”.

3

After subsection (2A) insert—

2B

Any claim for a first-year tax credit under Schedule A1 must be separately identified as such in the return.