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Capital allowances for sports injuries clinics.
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28.— Section 268 of the Principal Act is amended—
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(a) in subsection (2B)—
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(i) in paragraph (f), by substituting “during the period of 10 years beginning with the time referred to in section 272(4)(h)” for “during the period of 7 years referred to in section 272(4)(h)”, and
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(ii) in paragraph (I) by inserting “subject to paragraph (II),” before “includes”,
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(b) in subsection (9), by substituting the following for paragraph (h):
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“(h) by reference to paragraph (k), as respects capital expenditure incurred in the period commencing on 15 May 2002 and ending on 31 December 2006 or, where subsection (16) applies, ending on 31 July 2008.”,
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and
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(c) by inserting the following after subsection (15):
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“(16) This subsection shall apply in relation to the construction or refurbishment of a qualifying sports injuries clinic where—
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(a) the person who is constructing or refurbishing the clinic has, on or before 31 December 2006, carried out work to the value of not less than 15 per cent of the actual construction or, as the case may be, refurbishment costs of the clinic, and
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(b) the person referred to in paragraph (a) or, where the clinic is sold by that person, the person who is claiming a deduction under this Chapter in relation to the expenditure incurred, can show that the condition in paragraph (a) was satisfied.”.
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