Section 614BW — Income Tax Act 2007: Contributors to capital expenditure

Contributors to capital expenditure 614BW 1 This section applies if—

a section 614BS or 614BT applies in relation to a leased asset, b allowances are or have been made to a person (“ the contributor ”) as a result of sections 537 to 542 of CAA 2001 (allowances in respect of contributions to capital expenditure),

and c those allowances are or were in respect of the contributor's contribution of a capital sum to expenditure on the provision of the leased asset.

2 Section 614BS or, as the case may be, section 614BT has effect in relation to the contributor and those allowances as it has effect in relation to the current lessor and allowances in respect of capital expenditure incurred by the current lessor in respect of the leased asset.