HC Deb 07 July 1997 vol 297 c739


That provision may be made amending the Capital Allowances Act 1990 for the purpose of—

(a) allowing first-year allowances to be made under Part II of that Act in respect of expenditure incurred by small and medium-sized companies and businesses on or after 2nd July 1997 and before 2nd July 1998; and

(b) modifying the operation of that Act in cases where machinery or plant is made available for use directly or indirectly as a consequence of any such arrangements as fall, in accordance with normal accountancy practice, to be treated as a finance lease or as a loan.