SCHEDULES
SCHEDULE 9Capital allowances for plant and machinery: anti-avoidance
Relevant transactions
8
After section 268D of CAA 2001 insert—
268EMeaning of “assigns”
1
For the purposes of this Part—
a
a person (“A”) is taken to assign the benefit of a contract, or rights under a contract, to another person (“B”) whenever B becomes entitled, and A ceases to be entitled, to the benefit or rights (whether by assignment, novation, variation or replacement of the contract, by operation of law or otherwise), and
b
references to an assignment are to be read accordingly.
2
Any reference in this Part to the benefit of a contract or to rights under a contract includes a reference to part of the benefit of a contract or to part of the rights under a contract.