Dredging allowancesU.K.
16U.K.In section 484 (dredging allowances), after subsection (2) insert—
“(2A)If a company or partnership is as a result of section 6D (NI rate activity treated as separate trade) treated for the purpose of this Act as carrying on two separate trades, each of them is for the purposes of this Part to be treated as a qualifying trade if the separate trades would together be so treated.”
17(1)Section 489 (giving effect to allowances) is amended as follows.U.K.
(2)The existing provision becomes subsection (1) of the section.
(3)After that subsection insert—
“(2)This section is subject to section 6E (giving effect to allowances and charges: NI rate activity cases).”