Fixed Plant means such plant and machinery (within the meaning of the CAA) as constitutes a fixture or fixtures and which is included in the sale of the Property;
Fixed Plant means such plant and machinery (within the meaning of the CAA) as constitutes a fixture or fixtures and which is included in the sale of the Property.The Purchaser will make an election with the Seller under Section 198 of the CAA in terms of the draft contained in Part [10] of the Schedule, in which case:-on Completion, the Seller and the Purchaser will sign in duplicate the election agreeing the value of Fixed Plant in accordance with the apportionment set out in the election, being the disposal value for the Fixed Plant required to be brought into account by the Seller and falling to be treated as expenditure incurred by the Purchaser on the provision of the Fixed Plant and the Seller confirms that the amount attributed to the Fixed Plant in the election is not in excess of the aggregate amount treated for the purposes of the CAA as having been paid by the Seller for the Fixed Plant;both the Seller and the Purchaser will submit the election to HMRC within the time limit prescribed by law and take all reasonable steps to procure that the value is accepted by HMRC;the Seller and the Purchaser agree to reflect such value in their relevant tax computations and returns. The Seller will use reasonable endeavours to provide, or procure that its agents provide:-copies of all relevant information in its possession or that of its agents, andsuch cooperation and assistance as the Purchaser may reasonably require to enable the Purchaser to make and substantiate claims under the CAA in respect of the Property. The Purchaser agrees that it will:-use the information provided pursuant to paragraph 65.3 only for the stated purpose; andnot disclose, without the reasonable consent of the Seller, any such information which the Seller expressly provides on a confidential basis.OPTION 2: The Seller has not claimed Capital Allowances because it was not entitled to do so and the Seller and the Purchaser have agreed that any unclaimed Capital Allowances are to be transferred to the PurchaserIn this Part of the Schedule:-
Fixed Plant means such plant and machinery (within the meaning of the CAA) as constitutes a fixture or fixtures and which is included in the sale of the Property. The Seller confirms that:[it did not enter into an election under Section 198 of the CAA in respect of the Available Fixtures when it acquired the Property and, accordingly, no such election has been submitted by the Seller to an officer of HMRC in relation to its acquisition of the Property; it has not made any claim under Part 2 of the CAA with respect to the Fixed Plant; andit has not acquired any of the Fixed Plant since 1 April 2012.]4OR[the requirement of Section 187A(6)(a) of the CAA was not met when the Seller acquired the Property and is no longer capable of being met; andit was not entitled to claim an allowance under Part 2 of the CAA in respect of capital expenditure incurred on the Fixed Plant.]5 The Seller will use its reasonable endeavours to assist the Purchaser with any claims which it makes under the CAA in respect of the Fixed Plant and, in doing so, will provide, or procure that its agents provide:[a written statement in accordance with Section 187A(8)(b) of the CAA made by the person(s) from whom the Seller purchased the Property ("Past Owner") of the disposal value which the Past Owner has brought into account for capital allowance purposes in respect of the Fixed Plant;]6 copies of all relevant information in its possession or that of its agents; such cooperation and assistance as the Purchaser may reasonably require; andif requested by the Purchaser within two years after Completion and if required by HMRC, a separate written statement containing the confirmations contained in paragraph 66.2.The Seller will not make any claim with respect to the Fixed Plant under the CAA following Completion.The Purchaser will reimburse the Seller for its reasonable costs in assisting the Purchaser in accordance with paragraph 66.3. OPTION 3: The Seller has not claimed Capital Allowances but could have done do so and the Seller and the Purchaser have agreed that any unclaimed Capital Allowances (where amount of qualifying expenditure is not known) are to be transferred to the Purchaser In this Part of the Schedule:-
Examples of Fixed Plant in a sentence
Fixed Plant Noise For fixed plant noise, six consecutive monitoring of LAeq, 5 min reading were carried out to calculate the LAeq, 30 min noise level.
Fixed Plant Noise As recommended in the EIA and stated in the Operational EM&A Plan (Revision H), HKITP will adopt the maximum fixed plant site perimeter noise level (ie Limit Level) of LAeq(30 minute) 75 dB(A) at the perimeter of the Resort (NM4).
Fixed Plant Noise For fixed plant noise, six consecutive monitoring of LAeq, 5 min reading were carried out to calculate the LAeq, 30 min noise level.Fireworks Noise For fireworks noise, a LAeq, 15min measurement was taken for the 15 minutes timeframe that included all fireworks noise levels.
Fixed Plant Noise As recommended in the EIA and stated in the Operational EM&A Plan (Revision F), HKITP will adopt the maximum fixed plant site perimeter noise level (ie Limit Level) of Leq(30 minute) 75 dB(A) at the perimeter of the Resort (NM4).
Capitalised equipment is depreciated over its useful economic life from the date it is brought into use as follows: - Fixed Plant 5-29 years Equipment 4 years Where equipment is brought into use mid-way through a year the depreciation charge in the first year will be pro-rated to reflect the number of months that the asset was in use.
More Definitions of Fixed Plant
Fixed Plant such plant and machinery (within the meaning of CAA 2001) as constitutes a fixture or fixtures on which the Seller is, or will be, required to bring a disposal value into account on the sale of the Property as detailed in the Election.
Fixed Plant means any nonmetallic mineral processing plant at which the processing equipment is attached or clamped by a cable, chain, turnbuckle, bolt or other means, except electrical connections, to any anchor, slab or structure including bedrock.
Fixed Plant means the fixed plant, machinery, equipment and tooling used or intended for use directly and exclusively in the Business attached or fixed to the Properties and at the Slough Property to the extent not Excluded Assets;
Fixed Plant means the fixed plant owned or used in connection with the Business and physically attached to the Property including, without limitation, that identified in the list in agreed terms headed "Fixed Plant";
Fixed Plant means the fixed plant and machinery, and leasehold improvements at the Property, owned by the Seller and used in connection with the Business at the Completion Date;
Fixed Plant. : means the fixed plant and machinery, and leasehold improvements at the Property, owned by the Seller and used in connection with the Business at the Completion Date;
Fixed Plant means the fixed plant, machinery, equipment and tooling used directly and exclusively in the Business attached or fixed to the premises occupied by Quchem as at the date hereof;