PART 1Income Tax, Corporation Tax and Capital Gains Tax
CHAPTER 1Charges, rates etc
Capital allowances
7Temporary increase in annual investment allowance
(1)
In relation to expenditure incurred during the period F1beginning with 1 January 2013 and ending with the specified date
, section 51A of CAA 2001 (entitlement to annual investment allowance) has effect as if in subsection (5) for “£25,000” there were substituted “
£250,000
”
.
F2(1A)
The specified date is —
(a)
for the purposes of corporation tax, 31 March 2014, and
(b)
for the purposes of income tax, 5 April 2014.
(2)
Schedule 1 contains provision about chargeable periods which straddle 1 January 2013 F3....