9(1)Section 403 (“TWDV” in section 399) is amended as follows.U.K.
(2)In subsection (2), for paragraph (b) substitute—
“(b)in calculating the amounts of unrelieved qualifying expenditure mentioned in subsection (1)(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—
“(3)Relevant new expenditure” means—
(a)expenditure attributable to plant or machinery acquired by the relevant company on the relevant day except for plant or machinery acquired on that day from an associated company, and
(b)expenditure incurred on the relevant day but attributable to plant or machinery acquired by the relevant company before that day.
(4)In subsection (3)—
(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.”