Part 2Plant and machinery allowances

Chapter 14Fixtures

Persons who are treated as owners of fixtures

180Equipment lease is part of affordable warmth programme

1

The conditions referred to in section 177(1)(a)(iii) are that—

a

the plant or machinery which is the subject of the equipment lease consists of a boiler, heat exchanger, radiator or heating control that is installed in a building as part of a space or water heating system,

b

the expenditure of the equipment lessor is incurred before 1st January 2008, and

c

the equipment lease is approved for the purposes of this section as entered into as part of the affordable warmth programme.

2

The approval mentioned in subsection (1)(c) may be given, with the consent of the Treasury—

a

by the Secretary of State;

b

in the case of buildings in Scotland, by the Scottish Ministers;

c

in the case of buildings in Wales, by the National Assembly for Wales;

d

in the case of buildings in Northern Ireland, by the Department for Social Development in Northern Ireland.

3

If an approval is withdrawn, it is to be treated for the purposes of subsection (1)(c) as never having had effect.