'(1) The Capital Allowances Act 2001 is amended as follows.
(2) For subsection 44(1), substitute—
''(1) Expenditure is first-year qualifying expenditure if—
(a) it is incurred by a small or medium-sized enterprise, or
(b) it is incurred by a lessor on equipment leased to a small or medium-sized enterprise, and
(c) it is not excluded by subsection (2) or section 46 (general exclusions).''
(3) In the table in subsection 52(3) insert in the second and third lines after ''small or medium-sized enterprises''—
''or incurred by a lessor on equipment leased to a small or medium-sized enterprise''.'.—[Mr. Flight.]
Brought up, and read the First time.