73 Integral features
Finance Act 2008 (2008 c 9) | Legislation

73  Integral features

(1)     In section 23 of CAA 2001 (expenditure unaffected by sections 21 and 22)—

(a)     in subsection (2), after the entry for section 33 insert—

“section 33A (integral features);”, and

(b)     in subsection (4), in List C—

(i)     in item 2, omit “Electrical systems (including lighting systems) and cold water,”,

(ii)     omit item 3, and

(iii)     in item 6, for “Lifts, hoists, escalators and moving walkways.” substitute “Hoists.”

(2)     After section 33 of that Act insert—

“Expenditure on integral features

33A Expenditure on provision or replacement of integral features

(1)     This section applies where a person carrying on a qualifying activity incurs expenditure on the provision or replacement of an integral feature of a building or structure used by the person for the purposes of the qualifying activity.

(2)     This Part (including in particular section 11(4)) applies as if—

(a)     the expenditure were capital expenditure on the provision of plant or machinery for the purposes of the qualifying activity, and

(b)     the person who incurred the expenditure owned plant or machinery

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