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Section 70: First-year allowance to be available for ships and railway assets

Finance Act 2013 · 2013 c. 29View on legislation.gov.uk

Part 1: Income Tax, Corporation Tax and Capital Gains Tax — CHAPTER 5: Other provisions

In section 46(2) of CAA 2001 (general exclusions from first-year allowance), omit—

general exclusion 3 (ships), and
general exclusion 4 (railway assets),

and the italicised headings preceding them.

The amendments made by this section have effect for expenditure incurred on or after 1 April 2013.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.