[CA22110] Plant and Machinery Allowances (PMA): buildings and structures: shelters, huts and so on
Advertisers sometimes lease shelters which they have erected and which they use to display advertisements to bus companies or local authorities. If they do that you should accept that the shelters are plant or machinery but note that where the assets are fixtures the claimant must have an interest in the relevant land CA26100 (‘Advertising hoardings; signs, displays and similar assets’ are among the assets that are not affected by the exclusions for buildings and structures. CA22030).
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.