Commentary on Sections Glossary Structure of Part 2 Section 24: Interests in land
179.This section is based on paragraph 5 of Schedule AA1 to CAA 1990. It provides that expenditure on the acquisition of an interest in land is not expenditure on plant or machinery.
180.Subsection (1)states the exclusion and subsection (2) qualifies the meaning of “land”.
181.Subsection (3) links the meaning of “interest in land” with that in section 175.