The Capital Allowances Act 2001 (Amendment of Section 45K) Order 2020

• Citation: S.I. 2020/260
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the Capital Allowances Act 2001 (Amendment of Section 45K) Order 2020 and comes into force on 1st April 2020.

Section 2 Amendment of section 45K of the Capital Allowances Act 2001

(1) Section 45K of the Capital Allowances Act 2001 (expenditure on plant and machinery for use in designated assisted areas) is amended as follows.

(2) In subsection (1)(b)–

(a) omit “of 8 years”, and

(b) at the end insert “and ending with whichever is the later of the day immediately before the eighth anniversary of that date or 31st March 2021”.