PART 1Income tax, corporation tax and capital gains tax
CHAPTER 5Miscellaneous
Capital allowances
45Allowances for energy-saving plant and machinery
1
Part 2 of CAA 2001 (plant and machinery allowances) is amended as follows.
F12
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F23
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4
In section 104A (special rate expenditure)—
a
in subsection (1), omit the “and” after paragraph (e), and after paragraph (f) insert
, and
g
expenditure incurred on or after the third relevant date on the provision of solar panels.
b
after subsection (3) insert—
3A
The third relevant date is—
a
for corporation tax purposes, 1 April 2012, and
b
for income tax purposes, 6 April 2012.