Schedule 17 (Northern Ireland electricity)U.K.
87(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 ”.