Where a person comes to own a fixture that has been treated as owned at an earlier time by another person, his entitlement to capital allowances on that fixture is further limited, in normal circumstances, to the previous owner's disposal value by virtue of CAA 2001, s. 185.

The provisions of CAA 2001, s. 185 apply in any case where a person (‘the current owner’) incurs expenditure (‘new expenditure’) on the provision of a fixture in circumstances where:

(a)he is thereby treated as the owner of the fixture;

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