(1) a person incurs capital expenditure1 on the provision of plant or machinery for the purposes of a qualifying activity2 carried on by him;
(2) the plant or machinery becomes a fixture3; and
(3) that person has an interest4 in the relevant land5 at the time the plant or machinery becomes a fixture,
that person is treated, on and after that time, as the owner of the fixture as a result of his incurring the expenditure6.
If there are two or more persons with different interests in the relevant land who would be treated under the provisions described above as
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