SCHEDULES
SCHEDULE 26Special rate expenditure and the special rate pool
Part 2Commencement etc
Commencement
14
1
This Schedule has effect in relation to—
a
expenditure incurred on or after the relevant date, and
b
long-life asset expenditure (within the meaning of Chapter 10 of CAA 2001) incurred before the relevant date but allocated to a pool in a chargeable period beginning on or after that date.
2
Sub-paragraph (1) is subject to—
a
section 83 (which provides that certain other long-life asset expenditure is to be treated as special rate expenditure for the purposes of CAA 2001), and
b
paragraphs 15 to 17.
3
The relevant date is—
a
for corporation tax purposes, 1 April 2008, and
b
for income tax purposes, 6 April 2008.