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CA26480 | PMA: Fixtures: Changes in ownership: Relevant two year period

From HM Revenue & Customs · Capital Allowances Manual

The ‘relevant 2 year period’ is –

  • in a case falling within item 1 or 9 of the Table in section 196 (sale of qualifying interest or discontinuance followed by sale), the period of 2 years beginning with the date when the purchaser from the past owner acquires the qualifying interest

  • in a case falling within item 5 of that Table (incoming lessee), the period of 2 years beginning with the date when the lessee is granted the lease.