Introduction Details of the Schedule
2.Paragraph 1 is introductory and explains that the Capital Allowances Act 2001 (CAA) is to be amended.
3.Paragraph 2 adds expenditure on plant and machinery for use in designated assisted areas to the categories of expenditure, listed in section 39 of CAA, that can qualify for FYAs.
4.Paragraph 3 introduces new sections 45K to 45N into CAA.