Part 2Plant and machinery allowances
Chapter 4First-year qualifying expenditure
Types of expenditure which may qualify for first-year allowances
42Exclusion of plant or machinery partly for use outside Northern Ireland
1
Expenditure on plant or machinery is not first-year qualifying expenditure under section 40 if—
a
at the time when it is incurred, the person incurring it intends the plant or machinery to be used partly outside Northern Ireland, and
b
the main benefit, or one of the main benefits, which could reasonably be expected to arise from the relevant arrangements is the obtaining of a first-year allowance, or a greater first-year allowance, in respect of the part of the expenditure that is attributable to that intended use outside Northern Ireland.
2
For the purposes of subsection (1)—
a
“the relevant arrangements” means—
i
the transaction under which the expenditure is incurred, and
ii
any scheme or arrangements of which that transaction forms part, and
b
the part of the expenditure that is attributable under subsection (1)(b) is to be determined on a just and reasonable basis.