Part 2Plant and machinery allowances
Chapter 3Qualifying expenditure
Expenditure on thermal insulation, safety measures, etc.
27Application of Part to thermal insulation, safety measures, etc.
(1)
Subsection (2) has effect in relation to expenditure if—
(a)
it is expenditure to which any of sections 28 to 33 applies, and
(b)
an allowance under Part 2 or a deduction in respect of the expenditure could not, in the absence of this section, be made in calculating the income from the qualifying activity in question.
(2)
This Part (including in particular section 11(4)) applies as if—
(a)
the expenditure were capital expenditure on the provision of plant or machinery for the purposes of the qualifying activity in question, and
(b)
the person who incurred the expenditure owned plant or machinery as a result of incurring it.