SCHEDULES
SCHEDULE 26Restrictions on buying capital allowances
Extension of restrictions to other qualifying activities
11
1
Section 212P (effect of excess on pools) is amended as follows.
2
In subsection (3)—
a
for “a trade (or part of a trade)” substitute “
a qualifying activity (or part of a qualifying activity)
”
,
b
for “the activities of that trade (or part of a trade)” substitute “
that activity (or that part of an activity)
”
,
c
after “its trade” insert “
or business
”
,
d
for “those activities” substitute “
that activity (or that part)
”
, and
e
after “separate trade” insert “
or business
”
.
3
In subsection (4)—
a
after “section 37” insert “
, 62 or 66
”
,
b
omit “trade”,
c
for “earlier” substitute “
other
”
, and
d
after “period)” insert “
or section 259 or 260(3) of this Act (special leasing)
”
.