Schedules

Schedule 3 Transitionals and savings

Part 4 Plant and machinery allowances

General

55 Certain expenditure incurred before 6th April 1976

Part 2 of this Act does not apply to capital expenditure—

a

which was not eligible expenditure within the meaning of section 39 of FA 1976 (which brought expenditure previously not within Chapter I of Part III of FA 1971 within that Chapter but with certain exceptions), and

b

which was incurred in a chargeable period ending before 6th April 1976.