78 First-year allowances [and annual investment allowances]: arrangements to reduce tax liabilities
Income Tax Act 2007 (2007 c 3) | Legislation

78  First-year allowances [and annual investment allowances]: arrangements to reduce tax liabilities

(1)     This section applies if—

(a)     the [annual investment allowance or] first-year allowance is made in connection with a relevant qualifying activity or a relevant asset (see subsections (2) and (3)), and

(b)     arrangements within subsection (4) have been made.

(2)

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