Version Superseded: 22/03/2001
Point in time view as at 27/07/1999.
Finance Act 1999, Cross Heading: Capital Allowances Act 1990 (c. 1) is up to date with all changes known to be in force on or before 06 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.
4In section 17(3) of the Capital Allowances Act 1990 (carry back of balancing allowances for mining structures etc.), at the end insert “ made for the purposes of income tax ”.
5In section 33F(1) of the Capital Allowances Act 1990 (procedure for claims for deferment of balancing charge), for “Schedule A1 to this Act” substitute “ Part IX of Schedule 18 to the Finance Act 1998 ”.
6In section 59C of the Capital Allowances Act 1990 (supplemental provisions about elections under section 59B), for subsection (7) substitute—
“(7)Nothing in—
(a)section 42 of, or Schedule 1A to, the Taxes Management Act 1970 (claims and elections for income tax purposes), or
(b)paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes),
shall apply to a section 59B election.”
7In section 145(3) of the Capital Allowances Act 1990 (claim to give effect to corporation tax allowances against profits of any description), omit “to which section 42 of the Taxes Management Act 1970 applies”.
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