Capital Allowances Act 2001

230 Exception for manufacturers and suppliers U.K.

(1) The [F1 restriction in section 218 does] not apply in relation to any plant or machinery if—

(a) the relevant transaction is within section 213(1)(a) or (b), and

(b) the conditions in subsection (3) are met.

(2) The restrictions in [F2 section] 225 do not apply in relation to any plant or machinery if—

(a) the plant or machinery is the subject of a sale and finance leaseback which is within section 213(1)(a) or (b), and

(b) the conditions in subsection (3) are met.

(3) The conditions are that—

(a) the plant or machinery has never been used before the sale or the making of the contract,

(b) S’s business, or part of S’s business, is the manufacture or supply of plant or machinery of that class, and

(c) the sale is effected or the contract made in the ordinary course of that business.

Textual Amendments

F1 Words in s. 230(1) substituted (with effect in accordance with s. 41(2) of the amending Act) by Finance Act 2012 (c. 14), s. 41(1) (with s. 41(3)-(5))

F2 Word in s. 230(2) substituted (with effect in accordance with Sch. 20 para. 6(19) of the amending Act) by Finance Act 2008 (c. 9), Sch. 20 para. 6(15)