1U.K.In section 1(2) of the Capital Allowances Act 2001 (c. 2) (capital allowances provided for by Act), after paragraph (c) insert—
“(ca)Part 4A (flat conversion allowances);”.
2U.K.In section 2(3) of that Act (provisions about giving effect to allowances and charges), after the entry in the list for sections 391 and 392 of that Act insert—
“section 393T (flat conversion allowances);”.
3U.K.In section 537(1) of that Act (general conditions for making contribution allowances under Parts 2 to 5), and in the section heading and the cross-heading preceding that section, for “Parts 2 to 5” substitute “ Parts 2 to 4 and 5 ”.
F14U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 19 para. 4 omitted (with effect in accordance with Sch. 27 para. 30(1) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 27 para. 23(2)
5U.K.In section 567(1) of that Act (Parts of Act for purposes of which provisions about sales not at market value apply), after “4,” insert “ 4A, ”.
6U.K.In section 570(1) of that Act (elections under section 569: supplementary), after “Part 4” insert “ or 4A ”.
7U.K.In section 573(1) of that Act (transfers treated as sales), after “4” insert “ , 4A ”.
8(1)Part 2 of Schedule 1 to that Act (list of defined expressions) is amended as follows.U.K.
(2)Insert the following entries in the appropriate places—
| “balancing adjustment (in Part 4A) | section 393M” |
| “balancing event (in Part 4A) | section 393N” |
| “dwelling (in Part 4A) | section 393A(4)” |
| “flat (in Part 4A) | section 393A(3)” |
| “lease and related expressions (in Part 4A) | section 393W” |
| “proceeds from a balancing event (in Part 4A) | section 393O” |
| “qualifying building (in Part 4A) | section 393C” |
| “qualifying flat (in Part 4A) | section 393D” |
| “relevant interest (in Part 4A) | Chapter 4 of Part 4A” |
| “residue of qualifying expenditure (in Part 4A) | section 393L” |
(3)In the entry for “sale, transfers under Parts 3, 4 and 10 treated as”, after “4” insert “ , 4A ”.