Modifications etc. (not altering text)
C1Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))
(1)For the purposes of this Part computer software is treated as plant (whether or not it would constitute plant apart from this section).
(2)If a person carrying on a qualifying activity incurs capital expenditure in acquiring, for the purposes of the qualifying activity, a right to use or otherwise deal with computer software, this Part applies as if—
(a)the right and the software to which it relates were plant,
(b)the plant were provided for the purposes of the qualifying activity, and
(c)so long as the person is entitled to the right, the person owned the plant as a result of incurring the capital expenditure.