Corporation Tax Act 2009 section 50

Deductions for expenditure on energy-saving items

Section 50 establishes the commencement date for the rules allowing deductions for expenditure on energy-saving items in a property business.

• Sections 251 to 253 of the Corporation Tax Act 2009 provide for deductions relating to expenditure on energy-saving items.
• These deduction rules only apply to expenditure incurred on or after 8 July 2008.
• Any expenditure on energy-saving items incurred before 8 July 2008 falls outside the scope of these provisions.
• This transitional rule ensures the energy-saving deduction provisions are not applied retrospectively.