SCHEDULES

SCHEDULE 26Restrictions on buying capital allowances

Extension of restrictions to other qualifying activities

6

1

Section 212C (when there is a a qualifying change in relation to C) is amended as follows.

2

In subsection (4)—

a

after “Condition C is that” insert “ the relevant activity is a trade (within the meaning of this Part) and ”, and

b

for “trade”, where it appears after “the relevant” (in both places), substitute “ activity ”.

3

In subsection (5) for “trade” (in both places) substitute “ activity ”.