http://www.legislation.gov.uk/ukpga/2003/14/section/166/2007-12-07
Finance Act 2003
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
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Statute Law Database
2024-06-12
Expert Participation
2007-12-07
Finance Act 2003
s. 87(3)(a)
(ia)
The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2003
Sch.
para. 3(4)(a)
reg. 1
Finance Act 2003
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para. 1A
Tribunals, Courts and Enforcement Act 2007
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para. 147(2)
s. 89
s. 148
art. 2(1)(b)
Finance Act 2003
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para. 3(2)(aa)
Bankruptcy and Diligence etc. (Scotland) Act 2007
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s. 223
s. 227(3)
art. 3(2)
(3)
art. 4
Finance Act 2003
Sch. 12
para. 1A
Finance Act 2008
Sch. 43
para. 9
s. 129(4)
art. 2
Finance Act 2003
s. 57(3)
Finance Act 2011
Sch. 22
para. 4
Finance Act 2003
Sch. 17A
para. 10(1)(f)
(fa)
Leasehold and Freehold Reform Act 2024
Sch. 9
para. 12(b)
s. 124(3)
Finance Act 2003
specified provision(s)
The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019
Rheoliadau Deddf Diddymu’r Hawl i Brynu a Hawliau Cysylltiedig (Cymru) 2018 (Diwygiadau Canlyniadol a Darpariaethau Arbed) 2019
reg. 5
Part 7Income tax, corporation tax and capital gains tax: general
Capital allowances and related matters
166Expenditure on software for sub-licensing
1
Section 45 of the Capital Allowances Act 2001 (first-year allowances for ICT expenditure incurred by small enterprises) is amended as follows.
2
In subsection (1)(d)
(expenditure must not be excluded by general exclusions in section 46) at the end insert “
or subsection (4) below
”
.
3
After subsection (3) insert—
4
Expenditure on an item within Class C is not first-year qualifying expenditure under this section if the person incurring it does so with a view to granting to another person a right to use or otherwise deal with any of the software in question.
4
This section applies in relation to expenditure incurred on or after 26th March 2003.