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Finance Act 2008
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Changes to legislation:
Finance Act 2008, Cross Heading: CAA 2001 is up to date with all changes known to be in force on or before 13 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule 34 Crossheading Caa-2001:
- Sch. 41 para. 6(1A) inserted by 2015 c. 11 Sch. 20 para. 10(2)
- Sch. 41 para. 6A(A1)(1) substituted for Sch. 41 para. 6A(1) by 2015 c. 11 Sch. 20 para. 11(2)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Sch. 41 para. 6(1A) inserted by 2015 c. 11 Sch. 20 para. 10(2)
- Sch. 41 para. 6A(A1)(1) substituted for Sch. 41 para. 6A(1) by 2015 c. 11 Sch. 20 para. 11(2)
CAA 2001U.K.
2U.K.CAA 2001 is amended as follows.
3U.K.In section 26 (demolition costs), in subsection (5), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
4U.K.In section 57 (available qualifying expenditure), in the entry in subsection (2) relating to section 165(3) of CAA 2001, for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
5(1)Section 164 (abandonment expenditure incurred before cessation of ring fence trade) is amended as follows.U.K.
(2)In the heading, for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(3)In subsections (1), (2)(a), (3)(a), (4)(a) and (5), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
6(1)Section 165 (abandonment expenditure within 3 years of ceasing ring fence trade) is amended as follows.U.K.
(2)In the heading, for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(3)In subsection (1)(b) and (c), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(4)In subsection (3)—
(a)in paragraph (a), for “relevant abandonment cost” substitute “ relevant decommissioning cost ”, and
(b)in paragraph (b), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(5)In subsection (4), in the definition of “the relevant abandonment cost”—
(a)for “relevant abandonment cost” substitute “ relevant decommissioning cost ”, and
(b)for “abandonment expenditure”, in each place, substitute “ general decommissioning expenditure ”.
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