Finance Act 2021 (c. 26)

SCHEDULES

SCHEDULE 22 U.K. Capital allowances for freeport tax sites

PART 2 U.K. Structures and buildings allowances

12 U.K. In section 270IA(4) (evidence of qualifying expenditure etc), after subsection (4) insert—

“(5) Where the qualifying expenditure described in subsection (4)(b) consists of or includes freeport qualifying expenditure (as defined in section 270BNA), a statement is not an allowance statement unless it states the amount of the freeport qualifying expenditure.”