The capital allowance legislation does not define ‘plant’ or ‘machinery’.

The starting point is that these terms take their common law meaning (sometimes referred to as the ‘case law meaning’). However, some assets are excluded from PMAs, regardless of whether they function as plant in common law; and some assets are treated as if they were plant, regardless of their function.

Exclusions in CAA01/S21 & 22

Legislation that says that most buildings, parts of buildings, structures and land alterations are not plant or machinery was introduced in 1994. It is now in CAA01/S21 & 22.

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