[F1195A Acquisition of ownership by assignee of energy services providerU.K.
This section has no associated Explanatory Notes
(1)If section 192A(2)(a) applies (cessation of ownership of energy services provider as a result of assignment), the assignee is to be treated, on and after the assignment—
(a)as having incurred expenditure, consisting of the consideration given by him for the assignment, on the provision of the fixture, and
(b)as being the owner of the fixture.
(2)For the purposes of section 192A (and subsection (1) and section 195B) the assignee is to be treated as being an energy services provider who owns the fixture under section 180A.]
Textual Amendments
F1Ss, 195A, 195B inserted (with effect as mentioned in s. 66 of the amending Act) by Finance Act 2001 (c. 9), s. 66, Sch. 18 para. 9