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”.