Capital Allowances Act 2001 (c. 2)

Part 2 Plant and machinery allowances

Chapter 20 Supplementary provisions

Miscellaneous

270 Shares in plant or machinery

(1) This Part applies in relation to a share in plant or machinery as it applies (under section 571) in relation to a part of plant or machinery.

(2) For the purposes of this Part, a share in plant or machinery is treated as used for the purposes of a qualifying activity so long as, and only so long as, the plant or machinery is used for the purposes of the qualifying activity.