Section 118 | Expenditure on machinery or plant: notification.

(1)Repealed^F1

(2)Repealed^F1

(3)Repealed^F1

(3A)Repealed^F1

(4)Repealed^F1

(5)Repealed^F1

(6)For the purposes of—^F2

(a)Repealed^F3F4

(b)section 44(4) of the Finance Act 1971 (provision corresponding to section 25(1) applicable to earlier chargeable periods),^F3

expenditure which has not formed part of a person’s qualifying expenditure for a previous chargeable period may not form part of his qualifying expenditure for a subsequent chargeable period unless the machinery or plant on which the expenditure was incurred belongs to that person at some time in that subsequent period . . .

(7)Repealed^F1

(8)Repealed^F1

(9)Repealed^F1