Part 3Capital allowances
Industrial and agricultural buildings allowances
84Abolition of allowances from 2011
1
Parts 3 and 4 of CAA 2001 (industrial buildings allowances and agricultural buildings allowances) do not apply in relation to expenditure incurred on or after the relevant date.
2
Omit those Parts of that Act.
3
The amendment made by subsection (2) has effect in relation to chargeable periods beginning on or after the relevant date.
4
The relevant date is—
a
for corporation tax purposes, 1 April 2011, and
b
for income tax purposes, 6 April 2011.
5
Schedule 27 contains amendments and savings related to this section.
F385Phasing out of allowances before abolition
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F286Qualifying enterprise zone expenditure: transitional provision
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F187Phasing out of industrial buildings allowance: anti-avoidance
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