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“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

(b) in the case of a company, sections 243, 308(4) and 396(2) and subsections (1), (2) and (6) of section 420.

(a) in the case of an individual, sections 245 to 255, 305 and 381, and

(a) in the case of an individual, sections 245 to 255, 305 and 381, and

(b) Notwithstanding paragraph (a) and paragraphs (a)(II) and (b)(II) of subsection (2), this section shall apply in so far as the trade of a limited partnership consists of the management and letting of holiday cottages within the meaning of section 268, where—

(d) This paragraph applies to a specified individual where in charging the profits or gains of the individual’s several trade an allowance in respect of capital expenditure on machinery or plant to which the provisions of section 284(3A) apply has been or is to be made to that individual; but this paragraph shall not apply to such an individual as respects—

(iii) a loss sustained in the trade in the year of assessment 2001-2002 the year of assessment 2002 or any subsequent year of assessment to the extent that the loss does not arise from the taking into account for the purposes of section 392(1) of an allowance to be made in accordance with the provisions of section 284(3A).

(a) in the case of an individual, sections 245 to 255, 305 and 381, and

(b) in the case of a company, sections 243, 308(4) and 396(2) and subsections (1), (2) and (6) of section 420.

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

(II) where in computing the amount of the profits or gains, if any, of the partnership trade a second-mentioned deduction (within the meaning of section 354(3)) may be made by virtue of section 354(3), this paragraph shall not apply to such an individual as respects—

(II) where in computing the amount of the profits or gains, if any, of the partnership trade a second-mentioned deduction (within the meaning of section 354(3)) may be made by virtue of section 354(3), this paragraph shall not apply to such an individual as respects—

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

“specified deduction” means the deduction referred to in section 324(2), 333(2), 345(3), 354(3), 370(3), 372E(3) or 372O(3) as the “second-mentioned deduction” or in paragraph 13 of Schedule 32 as the “further deduction”;

(a) in the case of an individual, sections 245 to 255, 305 and 381, and

(II) the loss referred to in subparagraph (i) of paragraph (a) of that subsection arises from the taking into account for the purposes of section 392(1) of an allowance to be made in respect of excepted expenditure, or

(iii) a loss sustained in the trade in the year of assessment 2001-2002 the year of assessment 2002 or any subsequent year of assessment to the extent that the loss does not arise from the taking into account for the purposes of section 392(1) of an allowance to be made in accordance with the provisions of section 284(3A).

(b) in the case of a company, sections 243, 308(4) and 396(2) and subsections (1), (2) and (6) of section 420.

(ii) the expenditure incurred on the provision of the machinery or plant was incurred under an obligation entered into by the lessor (within the meaning of section 403) and the lessee (within the meaning of section 403) before 1 March 2001.

(ii) the expenditure incurred on the provision of the machinery or plant was incurred under an obligation entered into by the lessor (within the meaning of section 403) and the lessee (within the meaning of section 403) before 1 March 2001.

“excepted expenditure” means expenditure to which the provisions of section 409A apply and expenditure to which the provisions of that section or section 409B would apply but for the provisions of—

(i) section 409A(5), or

“excepted expenditure” means expenditure to which the provisions of section 409A apply and expenditure to which the provisions of that section or section 409B would apply but for the provisions of—

(ii) paragraph (a) of the definition of “specified building” in subsection (1) or (4) of section 409B,

(i) the partnership trade consists wholly of the leasing of machinery or plant to a qualifying company within the meaning of section 486B, and

(b) in the case of a company, sections 243, 308(4) and 396(2) and subsections (1), (2) and (6) of section 420.