Related Commentary  

24(1)  Part 2 of CAA 2001 (plant and machinery allowances) has effect as if–

(a)in section 39 (first-year qualifying expenditure), a reference to this section were included in the list of provisions describing first-year qualifying expenditure, and

(b)in the Table in section 52(3) (amount of first-year allowances) there were inserted at the end–

“Expenditure qualifying under section 24 of FA 2009 (expenditure in 2009–2010) 40%”.

24(2)  Expenditure is first-year qualifying expenditure under this section if–

(a)it is incurred in 2009–2010,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.