11 Annual investment allowance
Finance Act 2011 (2011 c 11) | Legislation

11  Annual investment allowance

(1)     Section 51A of CAA 2001 (entitlement to annual investment allowance) is amended as follows.

(2)     In subsection (5) (maximum allowance), for “£100,000” substitute “£25,000”.

(3)     In subsection (8) (power to amend maximum allowance), for “other” substitute “greater”.

(4)     The amendment made by subsection (2) has effect in relation to expenditure incurred on or after the relevant day.

(5)     Subsections (6) and (7) apply in relation to a chargeable period (“the actual chargeable period”) which—

(a)     begins before the relevant day, and

(b)     ends on or after that day.

(6)     The maximum allowance

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