C1C5C4C3C6C7C8C9Part 2 Plant and machinery allowances
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37
Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24
C6C7C8Chapter 14 Fixtures
Cessation of ownership of fixtures
188 Cessation of ownership when person ceases to have qualifying interest
1
This section applies if a person is treated as the owner of a fixture under—
a
section 176 (person with interest in land having fixture for purposes of qualifying activity),
b
section 181 (purchaser of land giving consideration for fixture),
c
section 182 (purchaser of land discharging obligations of equipment lessee),
F1ca
section 182A (purchaser of land discharging obligations of client under energy services agreement),
d
section 183 (incoming lessee where lessor entitled to allowances), or
e
section 184 (incoming lessee where lessor not entitled to allowances).
2
If the person ceases at any time to have the qualifying interest, he is to be treated as ceasing to be the owner of the fixture at that time.
3
In this Chapter “the qualifying interest” means—
a
if section 176, 181 F2, 182 or 182A applies, the interest in the relevant land referred to in that section, and
b
if section 183 or 184 applies, the lease referred to in that section.
4
This section is subject to section 189.
Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)