Part 2 Commencement etc
Finance Act 2008 (2008 c 9) | Legislation

Part 2 Commencement etc

Commencement

14

(1)     This Schedule has effect in relation to—

(a)     expenditure incurred on or after the relevant date, and

(b)     long-life asset expenditure (within the meaning of Chapter 10 of CAA 2001) incurred before the relevant date but allocated to a pool in a chargeable period beginning on or after that date.

(2)     Sub-paragraph (1) is subject to—

(a)     section 83 (which provides that certain other long-life asset expenditure is to be treated as special rate expenditure for the purposes of CAA 2001), and

(b)     paragraphs 15 to 17.

(3)     The relevant date is—

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

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

Sale between connected persons

15

(1)     This paragraph applies where, on or after the relevant date—

(a)     there is a sale of a pre-commencement integral feature,

(b)     the buyer and seller are connected

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