Commentary on Sections Glossary Structure of Part 2 Overview
779.This Chapter restricts capital allowances on certain transactions in plant and machinery. It applies if:
	a person acquires plant or machinery by purchase, a hire-purchase type contract or assignment of such a contract; and
	the transaction is between connected persons, or to obtain a tax advantage or a sale and leaseback.
780.The Chapter has four main blocks of legislation:
	section 213 gives an overarching definition of the type of transaction that is targeted;
	sections 214 to 218 prevent or restrict allowances in transactions that do not involve a finance lease;
	sections 219 to 226 prevent or restrict allowances if a finance lease is involved; and
	sections 227 to 232 deal with other miscellaneous matters.