SCHEDULE 3 Transitionals and Savings | Part 13 | Other Enactments | Capital Allowances Act 2001 C2

Part 13 Other Enactments

Capital Allowances Act 2001 (2001 c 2) | Legislation

Part 13 Other Enactments

113

(1) Subsections (2) and (3) of section 578A of ICTA (expenditure on car hire) apply with the substitution of “£8,000” for “£12,000” in relation to expenditure incurred under a contract entered into before 11th March 1992.

(2) Subsection (4) of that section does not apply in relation to rebates made or transactions occurring before 29th April 1996.

114

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115

The repeals made by CAA 1990 do not have effect in relation to capital expenditure—

(a) which was not eligible expenditure within the meaning of section 39 of FA 1976 (which brought expenditure previously not within Chapter I of Part III of FA 1971 within that Chapter but with certain exceptions), and

(b) which was incurred in a chargeable period ending before 6th April 1976.

116

(1) Sections 40A to 40D of F(No 2)A 1992 (films) apply with the necessary modifications in relation to—

(a) expenditure on the production of a film—

(i) completed before 21st March 2000, or

(ii) completed on or after that date, if the first day of principal photography is before that date, unless the person incurring the expenditure elects that those modifications should not apply;

(b)