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Capital Allowances Act 2001

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Changes over time for: Section 1

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Version Superseded: 11/04/2007

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Point in time view as at 06/04/2007. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 1. Help about Changes to Legislation

1 Capital allowancesU.K.

This section has no associated Explanatory Notes

(1)This Act provides for allowances in respect of capital expenditure (and for charges in connection with those allowances).

(2)The allowances for which this Act provides are those under—

(a)Part 2 (plant and machinery allowances);

(b)Part 3 (industrial buildings allowances);

[F1(ba)Part 3A (business premises renovation allowances)]

(c)Part 4 (agricultural buildings allowances);

[F2(ca)Part 4A (flat conversion allowances);]

(d)Part 5 (mineral extraction allowances);

(e)Part 6 (research and development allowances);

(f)Part 7 (know-how allowances);

(g)Part 8 (patent allowances);

(h)Part 9 (dredging allowances);

(i)Part 10 (assured tenancy allowances).

(3)This Act also provides for allowances in respect of contributions to expenditure incurred on plant or machinery, industrial buildings or agricultural buildings, for the purposes of a mineral extraction trade or on dredging (see Part 11).

Textual Amendments

F1S. 1(2)(ba) inserted (with effect in accordance with s. 92 of the amending Act) by Finance Act 2005 (c. 7), Sch. 6 para. 2; S.I. 2007/949, art. 2

F2S. 1(2)(ca) inserted (with effect as mentioned in s. 67 of the amending Act) by Finance Act 2001 (c. 9), s. 67, Sch. 19 Pt. 2 para. 1

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