Part 2

Plant and machinery allowances
Chapter 7

Computer software

Software and rights to software
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1
For the purposes of this Part computer software is treated as plant (whether or not it would constitute plant apart from this section).
2
If a person carrying on a qualifying activity incurs capital expenditure in acquiring, for the purposes of the qualifying activity, a right to use or otherwise deal with computer software, this Part applies as if—
a
the right and the software to which it relates were plant,
b
the plant were provided for the purposes of the qualifying activity, and
c
so long as the person is entitled to the right, the person owned the plant as a result of incurring the capital expenditure.