Buildings usually contain fixtures, ie items attached or placed permanently in the building. Examples of fixtures include:

  • lifts and escalators
  • heating, lighting and electrical systems
  • alarm systems
  • sanitary appliances, and hot and cold water systems
  • telephone and data installations

However, the definition of fixtures is much wider than the large and expensive assets shown above, and can include, for example, individually small items such as signs, door furniture and carpets.

When a property is sold, ownership of the fixtures will generally pass to the purchaser by default. However, it is often not understood that the right to capital allowances on those fixtures also passes by default. Consequently, the purchaser is in the stronger position.

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