The capital goods scheme (CGS) applies to the following items:

(1)certain computer equipment if capital expenditure exceeds £50,000 (ex VAT) (¶19-812);

(2)certain land and buildings, certain civil engineering, refurbishing and fitting out work if capital expenditure exceeds £250,000 (ex VAT) (¶19-813); and

(3)(from 1 January 2011) certain aircraft, ships, boats and other vessels if capital expenditure exceeds £50,000 (ex VAT) (¶19-815)

(Value Added Tax Regulations 1995 (SI 1995/2518), reg. 113; Notice 706/2/2011, para. 3.1; HMRC Partial Exemption Manual at PE67050).

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