Where all the following conditions are satisfied:

a person incurs capital expenditure on the provision of plant or machinery for the purposes of a qualifying activity carried on by the person

the plant or machinery becomes a fixture

the person has an interest in the relevant land when the plant or machinery becomes a fixture

that person is treated as owning the fixture as a result incurring the expenditure.

This means that the person can potentially claim PMAs on the fixture.


As in the example at CA26025 Xanadu Properties Plc owns the freehold of Kane House, an office block, which it leases to its tenant, Budokan Computers.

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