227 Circumstances in which election may be made
Capital Allowances Act 2001 (2001 c 2) | Legislation

[Sale and leaseback: election for special treatment]

227  Circumstances in which election may be made

(1)     Section 228 applies if—

(a)     B enters into a relevant transaction with S,

(b)     the plant or machinery—

(i)     is within section 216(1)(b) (sale and leaseback), . . .

(ii)     . . .,

(c)     the conditions set out in subsection (2) are met, and

(d)     B and S elect that section 228 should apply.

(2)     The conditions are—

(a)     that S incurred capital expenditure on the provision of the plant or machinery,

(b)     that the plant

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