Yn ddilys o 16/07/1992
[F167A Computer software.U.K.
(1)If a person carrying on a trade incurs capital expenditure in acquiring for the purposes of the trade a right to use or otherwise deal with computer software, then, for the purposes of this Part—
(a)the right and the software to which it relates shall be treated as machinery or plant;
(b)that machinery or plant shall be treated as provided for the purposes of the trade; and
(c)so long as he is entitled to the right, that machinery or plant shall be treated as belonging to him.
(2)In any case where—
(a)a person carrying on a trade incurs capital expenditure on the provision of computer software for the purposes of the trade, and
(b)in consequence of his incurring that expenditure, the computer software belongs to him, but
(c)the computer software does not constitute machinery or plant,
then for the purposes of this Part the computer software shall be treated as machinery or plant.]
Textual Amendments
F1S. 67A inserted (16.7.1992) by Finance (No. 2) Act 1992 (c. 48), s. 68(1)(8).