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Finance Act 2012

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This is the original version (as it was originally enacted).

This section has no associated Explanatory Notes

5(1)Section 52 (first-year allowances) is amended as follows.

(2)In subsection (3), at the appropriate place in the Table insert—

Expenditure qualifying under section 45K (expenditure on plant and machinery for use in designated assisted areas)100%

(3)In subsection (5)—

(a)omit the “and” at the end of the entry for section 212T, and

(b)after that entry insert—

  • section 212U (cap on first-year allowances: expenditure on plant and machinery for use in designated assisted areas), and.

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