Capital Allowances Act 2001 section 212ZE

Application of Chapter to partnerships

Section 212ZE explains how the rules in this Chapter on apportioning expenditure for Northern Ireland rate activity are adapted when applied to partnerships rather than companies, specifically for the corporate partner calculation.

• When carrying out the corporate partner calculation, this Chapter applies to partnerships by reading references to a "company" as references to a "partnership".
• References to an SME (Northern Ireland employer) company are read as references to a Northern Ireland Chapter 6 firm, and references to a NIRE company are read as references to a Northern Ireland Chapter 7 firm.
• The reference in section 212ZA(1) to the annual investment allowance is disregarded — meaning that the annual investment allowance is excluded from the apportionment rules when applied to partnerships.
• These modifications ensure that the Northern Ireland expenditure apportionment rules operate appropriately in a partnership context, using partnership-equivalent terminology and removing provisions that do not apply to partnerships.