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| Venture capital. |
64. - (1) Schedule 16 to this Act has effect.
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(2) In that Schedule-
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Part I makes amendments relating to venture capital trusts; and |
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Part II makes amendments relating to the corporate venturing scheme. |
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Capital allowances |
| Energy-saving plant and machinery. |
65. Schedule 17 to this Act (first-year allowances in respect of expenditure on energy-saving plant and machinery) has effect-
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(a) for income tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 6th April 2001, and |
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(b) for corporation tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 1st April 2001. |
| Fixtures provided in connection with energy management services. |
66. - (1) Schedule 18 to this Act (fixtures provided in connection with provision of energy management services) has effect in relation to expenditure incurred on or after 1st April 2001.
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(2) The Schedule has effect-
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(a) for income tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 6th April 2001, and |
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(b) for corporation tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 1st April 2001. |
| Conversion of parts of business premises into flats. |
67. Schedule 19 to this Act (capital allowances in respect of expenditure on the conversion of parts of business premises into flats) has effect in relation to expenditure incurred on or after the day on which this Act is passed.
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| Decommissioning of offshore oil infrastructure. |
68. Schedule 20 to this Act (capital allowances in respect of expenditure incurred on decommissioning offshore infrastructure) has effect.
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| Minor amendments. |
69. - (1) Schedule 21 (which makes minor amendments to the Capital Allowances Act 2001) has effect.
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(2) The amendments made by the Schedule have effect-
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(a) for income tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 6th April 2001, and |
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(b) for corporation tax purposes, as respects allowances and charges falling to be made for chargeable periods ending on or after 1st April 2001. |
