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Changes over time for: Paragraph 25


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 06/04/2006
Status:
Point in time view as at 06/04/2006. This version of this cross heading contains provisions that are not valid for this point in time.

Status
Not valid for this point in time generally means that a provision was not in force for the point in time you have selected to view it on.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2006, Paragraph 25.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Yn ddilys o 19/07/2006
25(1)A “combined asset” is an asset which meets the conditions in sub-paragraph (2).U.K.
(2)The conditions are that—
(a)the asset is for use individually,
(b)it consists of two or more items of plant or machinery (“constituent assets”),
(c)each of the constituent assets is constructed with a view to its use in conjunction with the others as a single asset (namely, the combined asset).
(3)Plant or machinery that can be used individually is not a constituent asset just because—
(a)it is one of a number of assets of the same or a similar description,
(b)each of those assets is intended for use individually, and
(c)the use individually of those assets is to be co-ordinated to any extent.
(4)This paragraph has effect for the purposes of this Part.
Yn ôl i’r brig