SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

Capital Allowances Act 2001 (c. 2)

536

1

Amend section 106 (the designated period) as follows.

2

In subsection (3)(b) for the words from “the qualifying activity” to the end substitute

—

i

there was a change in the persons carrying on the qualifying activity which did not involve all of the persons carrying on that activity before the change permanently ceasing to carry it on, or

ii

the qualifying activity carried on by the person making the disposal was treated as continuing under section 114(1) of ICTA (effect of partnership changes involving companies).

3

Omit subsection (4).