Part 1 Amendments of CAA 2001
Finance Act 2008 (2008 c 9) | Legislation

SCHEDULE 26 Special Rate Expenditure and the Special Rate Pool

Section 82

Part 1 Amendments of CAA 2001

Introductory

1

CAA 2001 is amended in accordance with this Part of this Schedule.

Special rate expenditure and the special rate pool

2

After Chapter 10 insert—

“Chapter 10A
Special Rate Expenditure
Special rate expenditure
104A Special rate expenditure

(1)     “Special rate expenditure†means—

(a)     expenditure incurred on or after the relevant date to which section 28 (thermal insulation) applies,

(b)     expenditure incurred on or after that date to which section 33A (integral features) applies,

(c)     long-life asset expenditure (within the meaning of Chapter 10) incurred on or after that date, and

(d)     long-life asset expenditure (within the meaning of that Chapter) incurred before that date but allocated to a pool in a chargeable period beginning on or after that date.

(2)     The relevant date is—

(a)     for corporation tax purposes, 1 April 2008, and

(b)     for income tax purposes, 6 April 2008.

104B Application of Chapter to part of expenditure

(1)     If part only of the capital expenditure on plant and machinery is special rate expenditure—

(a)     the part which is such expenditure,

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