Capital Allowances Act 2001 section 27

Application of Part to thermal insulation and personal security

Section 27 ensures that spending on thermal insulation of buildings and personal security measures qualifies for plant and machinery allowances, even where it would not normally do so.

• Applies to expenditure covered by section 28 (thermal insulation) or section 33 (personal security)
• Only relevant where the expenditure would not otherwise qualify for a Part 2 allowance or deduction against the qualifying activity's income
• Treats such expenditure as if it were capital expenditure on plant or machinery for the purposes of the qualifying activity
• Treats the person who incurred the expenditure as if they owned plant or machinery as a result of incurring it