Capital Allowances Act 2001 Schedule 2

Consequential amendments

Schedule 2 makes consequential amendments to numerous other Acts of Parliament to update cross-references and terminology following the consolidation of capital allowances law into the Capital Allowances Act 2001.

• References throughout other legislation to the Capital Allowances Act 1990 are replaced with references to the Capital Allowances Act 2001, and section numbers are updated to their new equivalents.
• Terminology is modernised — for example, "machinery or plant" becomes "plant or machinery", "building or structure" becomes "building", and "the Capital Allowances Acts" becomes "the Capital Allowances Act".
• Substantive provisions formerly contained in other Acts (such as film expenditure rules from the Capital Allowances Act 1990 and patent provisions from ICTA 1988) are either relocated or replaced with new equivalent provisions in the CAA 2001 or the Finance (No. 2) Act 1992.
• Many of the original amendments in this Schedule have themselves been superseded or repealed by later consolidation Acts, including the Corporation Tax Act 2009, Corporation Tax Act 2010, Income Tax Act 2007, and Taxation (International and Other Provisions) Act 2010.

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