SCHEDULES

SCHEDULE 26Restrictions on buying capital allowances

Extension of restrictions to other qualifying activities

12

1

Section 212Q (when there are postponed capital allowances) is amended as follows.

2

In subsection (3)—

a

for “a trade (or part of a trade)” substitute “ a qualifying activity (or part of a qualifying activity) ”,

b

for “the activities of that trade (or part of a trade)” substitute “ that activity (or that part of an activity) ”,

c

after “its trade” insert “ or business ”,

d

for “those activities” substitute “ that activity (or that part) ”, and

e

after “separate trade” insert “ or business ”.

3

In subsection (4)—

a

after “section 37” insert “ , 62 or 66 ”, and

b

after “CTA 2010” insert “ or section 259 or 260(3) of this Act ”.