Part 2 Plant and machinery allowances
Chapter 14 Fixtures
Acquisition of ownership of fixture when another ceases to own it
F1195A Acquisition of ownership by assignee of energy services provider
(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.