Part 2Plant and machinery allowances
Chapter 17Anti-avoidance
Miscellaneous and supplementary
230Exception for manufacturers and suppliers
1
The restrictions in sections 217 and 218 do not apply in relation to any plant or machinery if—
a
the relevant transaction is within section 213(1)(a) or (b), and
b
the conditions in subsection (3) are met.
2
The restrictions in sections 222 to 225 do not apply in relation to any plant or machinery if—
a
the plant or machinery is the subject of a sale and finance leaseback which is within section 213(1)(a) or (b), and
b
the conditions in subsection (3) are met.
3
The conditions are that—
a
the plant or machinery has never been used before the sale or the making of the contract,
b
S’s business, or part of S’s business, is the manufacture or supply of plant or machinery of that class, and
c
the sale is effected or the contract made in the ordinary course of that business.