# Broadcasting Act 1996, Paragraph 15

Extent: E+W+S+N.I.

(1) This paragraph applies to any lease which is granted in pursuance of an obligation imposed by a provision contained in a preparatory scheme by virtue of paragraph 2(1)(g) of Schedule 5.
(2) Where the conditions in section 183(1)(a) and (b) of the Capital Allowances Act (incoming lessee where lessor entitled to allowances)are fulfilled in relation to a lease to which this paragraph applies—
(a) the lessee shall be deemed for the purposes of Part 2 of that Act to have given as consideration for the lease a capital sum which falls to be treated for the purposes of that Part as expenditure on the provision of the fixture concerned;
(b) the amount of that capital sum shall be the prescribed amount; and
(c) subsection (1)(d) of that section shall be disregarded.
(3) Where the conditions in section 184(1)(a) to (c) of the Capital Allowances Act (incoming lessee where lessor not entitled to allowances) are fulfilled in relation to a lease to which this paragraph applies—
(a) the lessee shall be deemed for the purposes of Part 2 of that Act to have given as consideration for the lease a capital sum which falls to be treated for the purposes of that Part as expenditure on the provision of the fixture concerned; and
(b) the amount of that capital sum shall be the prescribed amount.

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Source: https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/15 (the official version)
Page: https://openlegislation.uk/broadcasting-act-1996/schedule-7/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.