Related Commentary  Related HMRC Manuals

185(1)  This section applies if–

(a)a person (“the current owner” ) is treated as the owner of a fixture as a result of incurring capital expenditure (“new expenditure” ) on its provision,

(b)the plant or machinery is treated as having been owned at a relevant earlier time by any person (“the past owner” ) as a result of incurring other expenditure,

(c)the plant or machinery is within paragraph (b) otherwise than as a result of section 538 (contribution allowances for plant and machinery), and

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