The basic provision in the fixtures code granting an entitlement to capital allowances to persons incurring expenditure on the provision of fixtures at a time when they have an interest in the land or building to which the equipment in question becomes fixed is CAA 2001, s. 176. For reasons discussed below, many equipment lessors may be more likely to wish to take advantage instead of the provisions of CAA 2001, s. 177, which do not require a prior interest in the land in question (and which are discussed at ¶1151-800ff).


(a)a person incurs capital expenditure on the provision of plant or machinery for the purposes of a qualifying activity carried on by him; and

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