SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Capital Allowances Act 2001 (c. 2)

408

In section 479 (persons having qualifying non-trade expenditure: income tax) after subsection (2) insert—

“(2A)

The allowance is given effect at Step 2 of the calculation in section 23 of ITA 2007.”