Finance Act 2014, Paragraph 5 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.
5(1)Section 45N (effect of plant or machinery subsequently being primarily for use outside designated assisted areas) is amended as follows.U.K.
(2)In subsection (1)—
(a)for “designated assisted area within the meaning of section 45K” substitute “ relevant area ”, and
(b)for “such a designated assisted” substitute “ a relevant ”.
(3)After subsection (3) insert—
“(3A)Relevant area” means—
(a)in relation to expenditure which would be within subsection (7A) of section 45M if paragraph (a) of that subsection were omitted, a designated assisted area within the meaning of section 45K which falls within Article 107(3)(a) of the Treaty on the Functioning of the European Union, and
(b)in relation to any other expenditure, a designated assisted area within the meaning of section 45K.”
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