SCHEDULES
SCHEDULE 24Annual investment allowance
Part 2Amendments of other enactments
ICTA
16
ICTA is amended as follows.
17
In section 395(1)(c)
(leasing contracts and company reconstructions), after “for which” insert “
an annual investment allowance or
”
.
18
In paragraph 1(6)(b)(i) of Schedule 18 (group relief), before “a first-year” insert “
an annual investment allowance or
”
.
FA 2000
19
1
Schedule 22 to FA 2000 (tonnage tax) is amended as follows.
2
In paragraph 87(1)(a), for “a first-year allowance shall not” substitute “
no annual investment allowance or first-year allowance is to be
”
.
3
In paragraph 94(2), after “any” insert “
annual investment allowance or
”
.
ITA 2007
20
ITA 2007 is amended as follows.
21
In section 76 (first-year allowances)—
a
after “from” insert “
an annual investment allowance or
”
, and
b
in the heading, after “allowances” insert “
and annual investment allowances
”
.
22
In section 78 (arrangements to reduce tax liabilities)—
a
in subsection (1)(a), after “the” insert “
annual investment allowance or
”
, and
b
in the heading, after “allowances” insert “
and annual investment allowances
”
.