PART 1Direct taxes
Capital allowances
35Qualifying expenditure: buildings, structures and land
1
Chapter 3 of Part 2 of CAA 2001 (qualifying expenditure) is amended as follows.
2
In each of sections 21 and 22 (buildings, structures, assets and works), at the end of subsection (4) insert “
(but any reference in list C in subsection (4) of that section to “plant” does not include anything where expenditure on its provision is excluded by this section)
”
.
3
The amendments made by this section—
a
are treated as always having had effect, but
b
do not have effect in relation to claims for capital allowances made before 29 October 2018.