Sections 388 to 390 CTA2010

This guidance covers transactions where the relevant day is on or after 23 March 2011. For transaction before 23 March 2011 see BLM80122 and BLM80123.

The accounting value of the plant or machinery owned by the company is

the net book value of all plant or machinery assets; plus

the amount of the net investment in finance leases of all plant or machinery that is shown on the balance sheet.

Plant or machinery has the same meaning as it does in Part 2 of CAA 2001. So an asset is plant or machinery if expenditure on its provision would qualify for plant and machinery allowances.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.