Finance Act, 1998
Amendment of section 659 (farming: allowances for capital expenditure on the construction of farm buildings, etc. for control of pollution) of Principal Act. |
38.— Section 659 of the Principal Act is hereby amended in subsection (3) by the substitution of the following paragraph for paragraph (a): | |
“(a) as respects the first year of the writing-down period referred to in subsection (2), where the capital expenditure was incurred— | ||
(i) before the 6th day of April, 1998, an amount equal to 50 per cent of that expenditure or £10,000, whichever is the lesser, or | ||
(ii) on or after the 6th day of April, 1998, an amount equal to 50 per cent of that expenditure or £15,000, whichever is the lesser,”. |