The Designation of Special Tax Sites (Celtic Freeport) Regulations 2024
These Regulations designate areas, known as “special tax sites”, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 (c. 2) (“CAA 2001”).
Lifecycle
Department
Made
16 Oct 2024
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In force
26 Nov 2024
Enabling power
The Treasury make these Regulations in exercise of the powers conferred by section 113 of the Finance Act 2021. The areas designated by these Regulations are either situated in a freeport or considered by the Treasury as being used, or likely to be used, for purposes connected with activities carried on, or likely to be carried on, in a freeport.
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