New requirements applying to a purchaser of fixtures were introduced by FA 2012. The purpose of the changes is to ‘ensure that the capital allowances rules for fixtures secure their original policy purpose of limiting overall allowances to the original cost of the fixtures’. The Explanatory Notes to Finance Bill 2012 explain that the aim is ‘to protect the Exchequer from further tax leakage and to make the rules fairer and clearer for businesses to understand and operate’.

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