70First-year allowance to be available for ships and railway assetsU.K.
This section has no associated Explanatory Notes
(1)In section 46(2) of CAA 2001 (general exclusions from first-year allowance), omit—
(a)general exclusion 3 (ships), and
(b)general exclusion 4 (railway assets),
and the italicised headings preceding them.
(2)The amendments made by this section have effect for expenditure incurred on or after 1 April 2013.