Part 6Oil
Corporation tax
108Capital allowances: plant and machinery for use in ring fence trade
1
In section 52(3) of CAA 2001 (amount of first-year allowances), for the two entries in the table relating to section 45F substitute—
Expenditure qualifying under section 45F (expenditure for use wholly in a ring fence trade)
100%
2
The amendment made by subsection (1) has effect in relation to expenditure incurred on or after 12 March 2008.