Capital Allowances Act 2001 Schedule 3 paragraphs 56–79

Industrial buildings allowances – transitional provisions (repealed)

Schedule 3 paragraphs 56–79 contained transitional provisions relating to industrial buildings allowances, which have since been repealed.

• These paragraphs originally formed Part 5 of Schedule 3 to the Capital Allowances Act 2001, dealing with transitional rules for industrial buildings allowances.
• The provisions were repealed by the Finance Act 2008, Schedule 27, paragraph 20(a), as part of the phasing out and abolition of industrial buildings allowances.
• Industrial buildings allowances, which provided tax relief on the cost of constructing or purchasing qualifying industrial buildings, are no longer available.
• Any residual entitlements under these transitional provisions ceased to have effect following the repeal, and no new claims can be made.