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Capital Allowances Act 2001

Example

Section 181: Purchaser of land giving consideration for fixture

656.This section is based on part of sections 54 and 56A of CAA 1990. The section sets out the conditions that need to be met if the purchaser of an interest in the relevant land is to be treated as the owner of the fixture.

657.This section only deals with cases in which a person purchases an existing interest in the relevant land.

658.The basic rule is dealt with in subsection (1). Subsections (2) and (3) provide that subsection (1) does not apply if another person is treated as the owner of the fixture in respect of a different interest in the relevant land.

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