 | |
| |
PART II |
| |
CONSEQUENTIAL AMENDMENTS |
| | 1. In section 1(2) of the Capital Allowances Act 2001 (capital allowances provided for by Act), after paragraph (c) insert-
|
| |
 |
"(ca) Part 4A (flat conversion allowances);". |
|
| | 2. In section 2(3) of that Act (provisions about giving effect to allowances and charges), after the entry in the list for sections 391 and 392 of that Act insert-
|
| |
| |
" section 393T (flat conversion allowances);". |
|
| | 3. In section 537(1) of that Act (general conditions for making contribution allowances under Parts 2 to 5), and in the section heading and the cross-heading preceding that section, for "Parts 2 to 5" substitute "Parts 2 to 4 and 5".
|
| | 4. In section 542(1) of that Act (effect of transfers of C's trade or relevant activity), for "Parts 3 to 5" substitute "Parts 3, 4 and 5".
|
| | 5. In section 567(1) of that Act (Parts of Act for purposes of which provisions about sales not at market value apply), after "4," insert "4A,".
|
| | 6. In section 570(1) of that Act (elections under section 569: supplementary), after "Part 4" insert "or 4A".
|
| | 7. In section 573(1) of that Act (transfers treated as sales), after "4" insert ", 4A".
|
| | 8. - (1) Part 2 of Schedule 1 to that Act (list of defined expressions) is amended as follows.
|
| |
(2) Insert the following entries in the appropriate places-
|
| |
balancing adjustment (in Part 4A) |
section 393M" |
|
| |
"balancing event (in Part 4A) |
section 393N" |
|
| |
"dwelling (in Part 4A) |
section 393A(4)" |
|
| |
"flat (in Part 4A) |
section 393A(3)" |
|
| |
"lease and related expressions (in Part 4A) |
section 393W" |
|
| |
"proceeds from a balancing event (in Part 4A) |
section 393O" |
|
| |
"qualifying building (in Part 4A) |
section 393C" |
|
| |
"qualifying flat (in Part 4A) |
section 393D" |
|
| |
"relevant interest (in Part 4A) |
Chapter 4 of Part 4A" |
|
| |
"residue of qualifying expenditure (in Part 4A) |
section 393L" |
|
| |
(3) In the entry for "sale, transfers under Parts 3, 4 and 10 treated as", after "4" insert ", 4A".
|
