Finance Act 2011, Paragraph 9 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
9(1)Section 403 (“TWDV” in section 399) is amended as follows.U.K.
(2)In subsection (2), for paragraph (b) substitute—
“(b)in calculating the amounts of unrelieved qualifying expenditure mentioned in subsection (1)(a) to (c), any part of those amounts that is relevant new expenditure is to be left out of account.”
(3)After that subsection insert—
“(3)Relevant new expenditure” means—
(a)expenditure attributable to plant or machinery acquired by the relevant company on the relevant day except for plant or machinery acquired on that day from an associated company, and
(b)expenditure incurred on the relevant day but attributable to plant or machinery acquired by the relevant company before that day.
(4)In subsection (3)—
(a)“acquired” includes brought into use or made available for use for the first time for the purposes of the business, and
(b)a reference to anything acquired or incurred includes anything treated as acquired or treated as incurred.”
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
