Schedules
Schedule 2 Consequential amendments
The Finance (No. 2) Act 1992 (c. 48)
87 Schedule 17 (Northern Ireland electricity)
1
In paragraph 5(4)—
a
for “section 11 of the Capital Allowances Act 1990 (long leases)” substitute “
section 290 of the Capital Allowances Act 2001 (election to treat grant of lease exceeding 50 years as sale)
”
,
b
for “long lease within the meaning” substitute “
lease which satisfies the condition in subsection (1)(c)
”
,
c
in paragraph (a), for “section 8” substitute “
Chapter 8 of Part 3
”
,
d
in paragraph (b), for “section 11(6)(a)” substitute “
section 291(1)
”
,
e
for “sections 157 and 158” substitute “
sections 567 to 570
”
, and
f
for “section 11” substitute “
section 290
”
.
2
In paragraph 5(5)—
a
for “paragraphs (a) and (b) of subsection (1) of section 55 of the Capital Allowances Act 1990 (expenditure incurred by incoming lessee: transfer of allowances)” substitute “
section 183(1)(a) and (b) of the Capital Allowances Act (incoming lessee where lessor entitled to allowances)
”
,
b
in paragraph (a) for “Part II of that Act” substitute “
Part 2 of that Act
”
,
c
after that paragraph insert “
and
”
, and
d
omit paragraph (c) and the word “and” before it.
3
In paragraph 6(1), for “section 11 of the Capital Allowances Act 1990” substitute “
section 290 of the Capital Allowances Act 2001
”
.
4
In paragraph 6(4), for “section 55 of the Capital Allowances Act 1990” substitute “
section 183 of the Capital Allowances Act 2001
”
.