Part 3

Industrial buildings allowances
Chapter 1

Introduction

Preparation of sites for plant or machinery
273
1
Subsection (2) applies if—
a
capital expenditure is or has been incurred in preparing, cutting, tunnelling or levelling land for the purposes of preparing the land as a site for the installation of plant or machinery, and
b
no allowance could (apart from this section) be made in respect of that expenditure under this Part or Part 2 (plant and machinery allowances).
2
This Part has effect in relation to the expenditure as if—
a
the purpose of incurring the expenditure were to prepare the land as a site for the construction of a building, and
b
the installed plant or machinery were a building.