BLM80115 - Sale of lessor companies and similar arrangements: business of leasing plant or machinery: Condition A – the plant or machinery test

To carry out this test:

First: find the accounting value of all the plant or machinery owned by the company on the relevant day – the day on which the company changes hands. See BLM80120.

Second: work out what proportion of the plant or machinery is ‘qualifying plant or machinery’. See BLM80155.