59 Investment allowance: disqualifying conditions
Finance Act 2016 (2016 c 24) | Legislation

59  Investment allowance: disqualifying conditions

(1)     Section 332D of CTA 2010 (expenditure on acquisition of asset: disqualifying conditions) is amended as follows.

(2)     In subsection (1) after “an asset” insert “(“the acquisition concerned”)”.

(3)     In subsection (2)—

(a)     for “acquisition,” substitute “acquisition concerned,” and

(b)     after “acquiring,” insert “leasing,”.

(4)     In subsection (3)(b)—

(a)     for “acquisition,” substitute “acquisition concerned,”, and

(b)     after “acquiring,” insert “leasing,”.

(5)     After subsection (4) insert—

“(5)     In subsection (3)(c) “this Chapter” means the provisions of this Chapter, and of any regulations made under this Chapter, as those provisions have effect at the time when the investment expenditure mentioned in subsection (1) is incurred.

(6)     Subsections (7) and (8) apply where investment expenditure mentioned

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice

LEXISNEXIS

False imprisonment

False imprisonmentLiabilityFalse imprisonment consists of the complete deprivation of liberty without a lawful basis. Claims will in practice be made against a public body that exercises detention powers, usually a local police force, the Secretary of State for the Home Department or the Secretary

LEXISNEXIS

Fraud by false representation

Fraud by false representationFraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty,