[F145C Energy-saving components of plant or machineryU.K.
(1)This section applies for the purpose of apportioning expenditure incurred on plant or machinery if one or more components of the plant or machinery (but not all of it) is of a description specified by Treasury order under section 45A(3).
(2)If—
(a)only one of the components is of such a description, and
(b)an amount is specified by the order in respect of that component,
the part of the expenditure that is section 45A expenditure must not exceed that amount.
(3)If—
(a)more than one of the components are of such a description, and
(b)an amount is specified by the order in respect of each of those components,
the part of the expenditure that is section 45A expenditure must not exceed the total of those amounts.
(4)If the expenditure is treated under this Act as incurred in instalments, the proportion of each instalment that is section 45A expenditure is the same as the proportion of the whole of the expenditure that is section 45A expenditure.
(5)If this section applies, the expenditure is not apportioned under section 562(3) (apportionment where property sold with other property).
(6) In this section “ section 45A expenditure ” means expenditure that is first-year qualifying expenditure under section 45A. ]
Textual Amendments
F1Ss. 45A-45C inserted (with effect as mentioned in s. 65 of the amending Act) by Finance Act 2001 (c. 9), s. 65, Sch. 17 para. 2 (with Sch. 17 para. 6)