SCHEDULES
SCHEDULE 20Changes for facilitating self-assessment: transitional provisions and savings
Capital allowances
9
1
This paragraph applies in the case of a trade, profession or vocation set up and commenced before 6th April 1994 and continuing after 5th April 1997.
2
Section 140 of the [1990 c. 1.] Capital Allowances Act 1990 shall have effect as if the allowances which fall to be made in taxing the trade, profession or vocation for the first period of account ending after 5th April 1997 under the provisions of that Act as they apply for the purposes of income tax included any allowance or part of any allowance—
a
which falls to be made in taxing the trade, profession or vocation for the year 1996-97, or is carried forward to that year from a previous year of assessment, and
b
to which full effect cannot be given in the year 1996-97.