1111-950 ‘Provision’ – preparatory and incidental expenditure
In order to qualify for allowances, expenditure must be incurred on the ‘provision’ of the equipment. This term is wider than the term ‘acquisition’: thus a payment made to retain ownership of an asset as well as to acquire the asset in the first place may be expenditure on the ‘provision’ of plant or machinery – see Bolton v International Drilling Co Ltd  BTC 3.
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