Allowances are available in respect of expenditure on plant and machinery if a person who is carrying on a qualifying activity (see ¶155-000) incurs qualifying expenditure (see ¶160-000). If a person carries on more than one qualifying activity, then allowances must be calculated separately for each.

The question of what constitutes ‘plant’ is difficult and often far from clear-cut. The general principles, developed through more than a century of case law, are considered in the ‘Meaning of Plant’, which begins at ¶180-000. The treatment of around 100 commonly-found items is addressed in the ‘The Plant and Machinery Index’.

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.