SCHEDULE 26Restrictions on buying capital allowances
Extension of restrictions to other qualifying activities
11
(1)
Section 212P (effect of excess on pools) is amended as follows.
(2)
In subsection (3)—
(a)
for “a trade (or part of a trade)” substitute “
a qualifying activity (or part of a qualifying activity)
”
,
(b)
for “the activities of that trade (or part of a trade)” substitute “
that activity (or that part of an activity)
”
,
(c)
after “its trade” insert “
or business
”
,
(d)
for “those activities” substitute “
that activity (or that part)
”
, and
(e)
after “separate trade” insert “
or business
”
.
(3)
In subsection (4)—
(a)
after “section 37” insert “
, 62 or 66
”
,
(b)
omit “trade”,
(c)
for “earlier” substitute “
other
”
, and
(d)
after “period)” insert “
or section 259 or 260(3) of this Act (special leasing)
”
.