Finance Act 2008

14(1)This Schedule has effect in relation to—U.K.

(a)expenditure incurred on or after the relevant date, and

(b)long-life asset expenditure (within the meaning of Chapter 10 of CAA 2001) incurred before the relevant date but allocated to a pool in a chargeable period beginning on or after that date.

(2)Sub-paragraph (1) is subject to—

(a)section 83 (which provides that certain other long-life asset expenditure is to be treated as special rate expenditure for the purposes of CAA 2001), and

(b)paragraphs 15 to 17.

(3)The relevant date is—

(a)for corporation tax purposes, 1 April 2008, and

(b)for income tax purposes, 6 April 2008.