122 Short-term leasing by buyer, lessee, etc
Capital Allowances Act 2001 (2001 c 2) | Legislation

122  Short-term leasing by buyer, lessee, etc

(1)     Plant or machinery is used for a qualifying purpose at any time when any of the persons listed in subsection (2) uses it for short-term leasing (as defined by section 121).

(2)     The persons are—

(a)     the person (“X”) who incurred expenditure on the provision of the plant or machinery;

(b)     a person who is connected with X;

[(c)     a person who acquired the plant

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