Part 6 Research and development allowances
Chapter 2 Qualifying expenditure
440 Excluded expenditure: land
1
Expenditure on the acquisition of land, or rights in or over land, is not qualifying expenditure.
2
But that does not prevent such expenditure from being qualifying expenditure so far as it is referable to the acquisition of—
a
a building or structure already constructed on the land,
b
rights in or over such a building or structure, or
c
plant or machinery which forms part of such a building or structure.
3
For the purposes of subsection (2), the expenditure is to be apportioned in a just and reasonable manner.