SCHEDULES

SCHEDULE 9Capital allowances for plant and machinery: anti-avoidance

Restriction of exception for manufacturers and suppliers

7

1

Section 230 of CAA 2001 (exception for manufacturers and suppliers), as amended by section 41 of this Act, is amended as follows.

2

For subsection (1) substitute—

1

The restrictions in sections 217 and 218 do not apply in relation to any plant or machinery if—

a

the relevant transaction is within section 213(1)(a) or (b),

b

the case does not fall within section 215, and

c

the conditions in subsection (3) are met.

3

Omit subsection (2).