The BBC World Service Transfer Scheme (Capital Allowances) Order 1997

Machinery and Plant

2.—(1) For the purposes of Part II of the 1990 Act (capital allowances in respect of machinery and plant), WSCo shall be treated as having incurred on the Transfer Day capital expenditure of the amount specified in column (2) of the relevant Part of the Schedule to this Order on the acquisition of the machinery and plant which are transferred to WSCo in accordance with the Transfer Scheme and described in column (1) of the relevant Part of the Schedule to this Order, and which, by virtue of paragraph 14(1)(a) of Schedule 7 to the Act, are to be treated as if they had been acquired by WSCo on the Transfer Day for the purposes for which they are, or have been, used by WSCo on and after the Transfer Day.

(2) In this article, “the relevant Part” means, with respect to machinery and plant which is so installed or otherwise fixed in or to a building or any other description of land transferred in accordance with the Transfer Scheme to WSCo as to become, in law, part of that building or other land, being a building or land which is leased by WSCo to the BBC by any lease granted in pursuance of an obligation imposed by a provision contained in the Transfer Scheme by virtue of paragraph 2(1)(g) of Schedule 5 to the Act, Part I, and with respect to other machinery and plant, Part II.