SCHEDULES
SCHEDULE 24Annual investment allowance
Part 2Amendments of other enactments
ICTA
16
ICTA is amended as follows.
17
In section 395(1)(c) (leasing contracts and company reconstructions), after “for which” insert “an annual investment allowance or”.
18
In paragraph 1(6)(b)(i) of Schedule 18 (group relief), before “a first-year” insert “an annual investment allowance or”.
19FA 2000
1
Schedule 22 to FA 2000 (tonnage tax) is amended as follows.
2
In paragraph 87(1)(a), for “a first-year allowance shall not” substitute “no annual investment allowance or first-year allowance is to be”.
3
In paragraph 94(2), after “any” insert “annual investment allowance or”.
ITA 2007
20
ITA 2007 is amended as follows.
21
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
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”.