Section 70Yi | [70YI General Definitions] | Capital Allowances Act 2001 C2

[70YI General definitions]

Capital Allowances Act 2001 (2001 c 2) | Legislation

[70YI General definitions]

[(1) Construe these expressions as follows—

“absolute owner”, in the application of this Chapter in relation to Scotland, means the owner;

“arrangement” includes any transaction or series of transactions;

“background plant or machinery for a building” is to be construed in accordance with sections 70R to 70T;

“building” includes a reference to—

(a) a structure,

(b) part of a building or structure;

“commencement”, in relation to the term of a lease, means the date on and after which the lessee is entitled to exercise his right to use the complete leased asset under the lease; for this purpose an asset is to be regarded as complete if its construction is substantially complete;

“derived lease” is to be construed in accordance with section 70L;

“the finance lease test” means the finance lease test in section 70N;

“f��ٳܰ��Ũ�Ĕ

(a) means any plant or machinery that is so installed or otherwise fixed in or to a building or other description of land as to become, in law, part of that building or other land, and

(b) includes any boiler or water-filled radiator installed in a building as part of a space or water heating system;

“f�ܲԻ徱�Բ�