http://www.legislation.gov.uk/ukpga/2001/2/section/170/enactedCapital Allowances Act 2001Small businessesFire safetyFire regulationsSports ground licencesKing's Printer of Acts of Parliament2021-04-12 Capital Allowances Act 2001s. 774E(5)(b)Finance Act 2008Sch. 20 para. 12(11)Capital Allowances Act 2001s. 29(1A)The Fire and Rescue Services (Northern Ireland) Order 2006Sch. 3 para. 24(b)art. 1(3)art. 2Capital Allowances Act 2001s. 436(2)(aa)Planning (Consequential Provisions) (Wales) Act 2026Deddf Cynllunio (Darpariaethau Canlyniadol) (Cymru) 2026Sch. 2 para. 329(b)Sch. 5 Pt. 1s. 5(2) Part 2Chapter 13 170 1 This section applies if— a a person (“the relevant participator”) acquires an interest in the contract from— i the contractor, or ii another person who has acquired it (directly or indirectly) from the contractor, and b some of the expenditure incurred by the relevant participator to acquire the interest in the contract is attributable to plant or machinery which— i is treated by section 168 as owned by the contractor, or ii is treated by section 169 or subsection (2) as owned by another person (“the other participator”). 2 The plant or machinery is to be treated for the purposes of this Part as owned by the relevant participator (and not by any other person) until— a it ceases to be owned by the government or representative, or b it ceases to be used, or held for use, by any person under the contract. This is subject to a later application of this subsection. 3 The person who, until subsection (2) applies, is treated as owning the plant or machinery is to be treated for the purposes of this Part as if he had disposed of it for a consideration equal to the relevant participator’s expenditure attributable to it. 4 The relevant participator is to be treated for the purposes of this Part as if— a he had incurred capital expenditure of an amount given by subsection (5), and b he owned the plant or machinery (in accordance with subsection (2)) as a result of having incurred that expenditure. 5 The amount of that expenditure is— a the amount of the relevant participator’s expenditure attributable to the plant or machinery, or b if less, the disposal value to be brought into account by the contractor or the other participator as a result of subsection (3). 6 The expenditure attributable to plant or machinery for the purposes of this section is to be determined having regard to what is just and reasonable in the circumstances.