Do not give PMAs on expenditure on the provision, construction or acquisition of a fixed structure or any asset in the list below, list B, or on any works involving the alteration of land.

Land is defined in Schedule 1 to the Interpretation Act 1978CA22040 but if you apply that definition exclude buildings and structures.

This is list B.

(1)A tunnel, bridge, viaduct, aqueduct, embankment or cutting

(2)A way, hard standing (such as a pavement), road, railway, tramway, a park for vehicles or containers, or an airstrip or runway

(3)An inland navigation, including a canal or basin or a navigable river

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.