Part 2 Plant and machinery allowances

Chapter 17Other anti-avoidance

Restrictions on allowances

215 Transactions to obtain allowances

Allowances under this Part are restricted under sections 217 and 218 if—

(a)

B enters into a relevant transaction with S, and

(b)

it appears that the sole or main benefit which (but for this section) might have been expected to accrue to B or S, or to any other party, from—

(i)

the relevant transaction, or

(ii)

transactions of which the relevant transaction is one,

was obtaining an allowance under this Part.