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Capital allowances and designating assisted areas

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The Capital Allowances (Designated Assisted Areas and Amendment) Order, SI 2018/485, has been laid before the House of Commons designating assisted areas for the purposes of CAA 2001 s 45K and correcting errors made in SI 2016/751. Section 45K provides for 100% first-year capital allowances (FYAs) for companies investing in plant or machinery for use primarily in designated assisted areas within enterprise zones. The Order will come into force on 8 May 2018.