# Capital Allowances Act 2001, Section 45O: Expenditure on plant and machinery for use in special tax sites


(1) Expenditure incurred by a company on the provision of plant or machinery is first-year qualifying expenditure if conditions A to E are met.
(2) Condition A is that the plant or machinery is for use primarily in an area which, at the time the expenditure is incurred, is a special tax site.
(3) Condition B is that the plant or machinery is unused and is not second-hand.
(4) Condition C is that the expenditure is incurred for the purposes of a qualifying activity within section 15(1)(a) or (f).
(5) Condition D is that the expenditure is incurred on or before the applicable sunset date in relation to the special tax site concerned (as to which see section 332(4) and (5) of F(No.2)A 2023).
(6) Condition E is that the company is within the charge to corporation tax.
(7) This section is subject to—
regulations under section 45P,
section 45Q (exclusion of plant or machinery partly for use outside special tax sites),
section 45R (effect of failing to comply with ongoing requirements) and regulations under that section, and
section 46 (general exclusions).

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/45O (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-45O
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.