Section 27 | Application of Part to thermal insulation and personal security

(1)Subsection (2) has effect in relation to expenditure if—

(a)it is expenditure to which section 28 or 33 applies, and^F1

(b)an allowance under Part 2 or a deduction in respect of the expenditure could not, in the absence of this section, be made in calculating the income from the qualifying activity in question.

(2)This Part (including in particular section 11(4)) applies as if—

(a)the expenditure were capital expenditure on the provision of plant or machinery for the purposes of the qualifying activity in question, and

(b)the person who incurred the expenditure owned plant or machinery as a result of incurring it.