PART 1Principal rates etc
Capital allowances
8Annual investment allowance
1
In section 51A of CAA 2001 (entitlement to annual investment allowance), for the amount specified in subsection (5) as the maximum allowance (which in the absence of this section would be £25,000 in relation to expenditure incurred on or after 1 January 2016) substitute “
£200,000
”
.
2
The amendment made by subsection (1) has effect in relation to expenditure incurred on or after 1 January 2016.
3
Subsection (2) is subject to paragraphs 4 and 5 of Schedule 2 to FA 2014 (which relate to cases involving chargeable periods which begin before 1 January 2016 and end on or after that day).