Finance Act 1990 (c. 29)

SCHEDULES

SCHEDULE 17 U.K. Capital Allowances: Assimilation of Claims by Companies to Claims by Individuals

Machinery and plant: general U.K.

6 (1) Section 25 (qualifying expenditure) shall be amended as follows.

(2) In subsection (1)(a)(ii) the words from “in the case of a person” to “of a company” shall be omitted.

(3) Subsection (2) shall be omitted.

(4) In subsection (3) the words “, but not being a company,” shall be omitted.

(5) In subsection (4)—

(a) in paragraph (a) the words “(whether a company or not)” shall be omitted; and

(b) in paragraph (b) the words “, in the case of a person other than a company,” shall be omitted.