Finance Act 2008

ITA 2007 U.K.

20 U.K. ITA 2007 is amended as follows.

21 U.K. In section 76 (first-year allowances)—

(a) after “from” insert “ an annual investment allowance or ”, and

(b) in the heading, after “allowances” insert “ and annual investment allowances ”.

22 U.K. In section 78 (arrangements to reduce tax liabilities)—

(a) in subsection (1)(a), after “the” insert “ annual investment allowance or ”, and

(b) in the heading, after “allowances” insert “ and annual investment allowances ”.