Related Commentary  Related HMRC Manuals

388(1)  This section applies for the purposes of condition A in section 387.

388(2)  The relevant plant or machinery value is the sum of the amounts in subsection (3), but subject to section 390 (relevant plant or machinery value where relevant company lessee under long funding lease etc).

388(3)  The amounts are–

(a)the amounts (if any) that would be shown in respect of plant or machinery in the appropriate balance sheet of the relevant company drawn up as at the start of the relevant day, and

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