HC Deb 15 March 1973 vol 852 c388W
57. Mr. McMaster

asked the Chancellor of the Exchequer what studies he has made of ways in which capital intensive industries, especially shipping and aircraft, could be encouraged to invest in new equipment by deferring tax allowance benefits until tax liability is available against which the allowances can be offset.

Mr. Nott

The law already provides for the carry forward of capital allowances until there are taxable profits against which they can be offset.