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Legislation
Finance Act 2008

Crossheading Corporation tax

  • Section 108 Capital allowances: plant and machinery for use in ring fence trade
  • Section 109 Capital allowances: decommissioning expenditure
  • Section 110 Capital allowances: abandonment expenditure after ceasing ring fence trade
  • Section 111 Losses: set off against profits of earlier accounting periods
  • Section 112 Ring fence trade: no deduction for expenses of investment management
  1. Corporation tax
  2. Capital allowances: plant and machinery for use in ring fence trade

Section 108 | Capital allowances: plant and machinery for use in ring fence trade

From legislation.gov.uk

(1)In section 52(3) of CAA 2001 (amount of first-year allowances), for the two entries in the table relating to section 45F substitute—

Table
Expenditure qualifying under section 45F (expenditure for use wholly in a ring fence trade)100%

.

(2)The amendment made by subsection (1) has effect in relation to expenditure incurred on or after 12 March 2008.

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