PART 2Amendments to primary legislation
Capital Allowances Act 2001I110
1
The Capital Allowances Act 200143 is amended as follows.
2
In section 51G(7)44, in the definition of “NACE classification” for the words “from time to time” substitute “in EU law”.
3
In section 266(8) for “transfer of UK trade to a company in another member State” substitute “transfer or division of UK business”.
4
In section 560(3) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
5
In section 56145—
a
in subsection (1)(a)—
i
for “member State” substitute “relevant state”;
ii
for “member States” substitute “relevant states”;
b
in subsection (4) for “member State” substitute “relevant state”;
c
after subsection (4) insert—
4A
In this section “relevant state” means the United Kingdom or a member State.
6
In section 564(4) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
7
In section 567(5) for “transfer of a UK trade to a company in another member State” substitute “transfer or division of UK business”.
8
In section 573(4) for “transfer of a UK trade to a company resident in another member State” substitute “transfer or division of UK business”.