Part 2 Plant and machinery allowances

Chapter 14 Fixtures

Cessation of ownership of fixtures

190 Cessation of ownership of lessor where section 183 applies

(1)

This section applies if a lessee is treated under section 183 (incoming lessee where lessor entitled to allowances) as the owner of a fixture.

(2)

The lessor is to be treated as ceasing to be the owner of the fixture when the lessee begins to be treated as the owner.