Determination of amount of capital allowances carried forward under section 304 which are referable to specified reliefs.
(1) Where, in relation to any trade or profession carried on by an individual, any allowances or part of any such allowances made under Part 9, including that Part as applied by any other provision of the Tax Acts, for the tax year 2006 to the individual in taxing the individual's trade or profession -
(a) are, in accordance with section 304(4), added to the amount of the allowances to be made to the individual under that Part for the tax year 2007, or
(b) if there are no such allowances in 2007, are, in accordance with that section, deemed to be the allowances under that Part for that year,
then, the amount so added or so deemed (referred to in subparagraph (2) as the ‘relief forward') which is to be treated as referable to specified reliefs shall be determined for the tax year 2007 in accordance with subparagraph (2).
(2) The amount referred to
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