C1C2Part II Machinery and Plant
Pt. II modified (19.9.1994) by Coal Industry Act 1994 (c. 21), s. 68(4), Sch. 4 para. 22; S.I. 1994/2189, art. 2, Sch.
Chapter VII Miscellaneous Expenditure
60AF1 Machinery and plant on hire-purchase etc.: fixtures.
1
Section 60 does not—
a
apply to expenditure incurred on machinery or plant that is a fixture, or
b
prevent Chapter VI of this Part (fixtures) applying in relation to expenditure on machinery or plant incurred under such a contract as is mentioned in subsection (1) of that section.
2
If machinery or plant that is treated as belonging to a person under section 60 becomes a fixture, then, unless it is treated under Chapter VI of this Part as belonging to that person, it shall be treated for the purposes of this Part as ceasing to belong to him at the time when it becomes a fixture.
3
In this section “fixture” has the same meaning as in Chapter VI of this Part.
Pt. II (ss. 22–83) modified by Finance Act 1990 (c. 29), s. 87(3)(4)