SCHEDULES
SCHEDULE 26Restrictions on buying capital allowances
12Extension of restrictions to other qualifying activities
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”.