Article 3 Writing-down allowances—machinery and plant

“relevant plant and machinery” means the plant and machinery (including motor cars and fixtures), which are vested in the Company in accordance with the Transfer Scheme and described in column (1) of the relevant Part of Schedule 2 to this Order, and which, by virtue of paragraph 16 of Schedule 3 to the Act, are to be treated as if they had been acquired by the Company for the purposes for which they are, or have been, used by the Company on or after the Transfer Date; and

“the relevant Part” means, with respect to motor cars of a value exceeding £12,000, Part I, and with respect to other plant and machinery, Part II.