15(1)Section 421 (the amount of the income: the basic amount) is amended as follows.U.K.
(2)In subsection (6), for paragraph (b) substitute—
“(b)in calculating the amounts of unrelieved qualifying expenditure mentioned in subsection (5)(a) to (c), any part of those amounts that is relevant new expenditure is to be left out of account.”
(3)After that subsection insert—
“(6A)Relevant new expenditure” means—
(a)expenditure attributable to plant or machinery acquired by the partnership on the relevant day except for plant or machinery acquired on that day from a qualifying company, and
(b)expenditure incurred on the relevant day but attributable to plant or machinery acquired by the partnership before that day.
(6B)In subsection (6A)—
(a)“acquired” includes brought into use or made available for use for the first time for the purposes of the business, and
(b)a reference to anything acquired or incurred includes anything treated as acquired or treated as incurred.”