Capital Allowances Act 2001, Section 195B is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)If section 192A(2)(b) applies (discharge of obligations of client) because the client has paid a capital sum, the client is to be treated—
(a)as having incurred expenditure, consisting of the capital sum, on the provision of the fixture, and
(b)as being, on and after the time of payment, the owner of the fixture.
(2)Section 192A(3)(assignee of client) applies in relation to subsection (1).]
Textual Amendments
F1Ss, 195A, 195B inserted (with effect as mentioned in s. 66 of the amending Act) by Finance Act 2001 (c. 9), s. 66, Sch. 18 para. 9
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