Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Capital allowances
118 Expenditure on machinery or plant: notification.
F11
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F12
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F13
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F13A
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F14
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F15
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6
For the purposes of—
b
section 44(4) of the Finance Act 1971 (provision corresponding to section 25(1) applicable to earlier chargeable periods),
expenditure which has not formed part of a person’s qualifying expenditure for a previous chargeable period may not form part of his qualifying expenditure for a subsequent chargeable period unless the machinery or plant on which the expenditure was incurred belongs to that person at some time in that subsequent period F4. . .
F17
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F18
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F19
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