(1) This section applies to capital goods -
(a) on the supply or development of which tax was chargeable to a taxable person who carries on a business in the State, or
(b) on the supply of which tax would have been chargeable to a taxable person who carries on a business in the State but for the application of section 3(5)(b)(iii),
(2) In this section -
''adjustment period'', in relation to a capital good, means the period encompassing the number of intervals as provided for in subsection (3)(a) during which adjustments of deductions are required to be made in respect of a capital good;
''base tax amount'', in relation to a capital good, means the amount calculated by dividing the total tax incurred in relation to that capital good by the number of intervals in the adjustment period applicable to that capital good;
''capital goods owner'' means -
(a) except where paragraph (b) applies, a taxable person who incurs expenditure on the acquisition or development of a capital good,