Part 2 U.K. Plant and machinery allowances

Modifications etc. (not altering text)

C1 Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))

Chapter 4 U.K. First-year qualifying expenditure

General U.K.

39 First-year allowances available for certain types of qualifying expenditure only U.K.

A first-year allowance is not available unless the qualifying expenditure is first-year qualifying expenditure under—

section 40	expenditure incurred for Northern Ireland purposes by small or medium-sized enterprises,
section 44	expenditure incurred by small or medium-sized enterprises, F1 ...
section 45	ICT expenditure incurred by small enterprises [F2 , or
section 45A	expenditure on energy-saving plant or machinery.F2 ]

Textual Amendments

F1 Word in s. 39 repealed (with effect in accordance with s. 65 of the amending Act) by Finance Act 2001 (c. 9), s. 110, Sch. 33 Pt. 2(4) Note

F2 Words in s. 39 inserted (with effect as mentioned in s. 65 of the amending Act) by Finance Act 2001 (c. 9), s. 65, Sch. 17 para. 1