CAA 2001U.K.
15U.K.CAA 2001 is amended as follows.
16(1)Section 99 (long-life assets: the monetary limit) is amended as follows.U.K.
(2)In subsection (4)—
(a)for “In the case of a company (“C”), if, in a chargeable period, one or more companies are related 51% group companies of C” substitute “ If, in a chargeable period, a company has one or more associated companies ”, and
(b)in the definition of “N”, for “number of related 51% group” substitute “ number of associated ”.
(3)After that subsection insert—
“(4A)The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of subsection (4).”
17U.K.In Part 2 of Schedule 1 (defined expressions), omit the entry for “related 51% group company”.