24 First-year capital allowances for expenditure in 2009–2010
Finance Act 2009 (2009 c 10) | Legislation

24  First-year capital allowances for expenditure in 2009–2010

(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%”.

(2)     Expenditure is first-year qualifying

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