SCHEDULES
SCHEDULE 21First-year allowances for expenditure wholly for a ring fence trade
Part 1Plant and machinery
6Amount of first-year allowances
In section 52(3), in the Table, after the entry relating to expenditure qualifying under section 45E (which is added by Schedule 20 to this Act) add—
Expenditure qualifying under section 45F (expenditure on plant and machinery for use wholly in a ring fence trade) which is long-life asset expenditure
24%
Expenditure qualifying under section 45F (expenditure on plant and machinery for use wholly in a ring fence trade) other than long-life asset expenditure
100%