A-Z of Plant & Machinery 2024-25

Author: Ray Chidell; Jake Iles
Publisher: Claritax Books
ISBN: 9781912386949

Previous Edition ISBN: 9781912386765
Published In: April 2024
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents

Details

A practical, asset-by-asset guide to whether and when expenditure qualifies for plant and machinery allowances.

Save hours of time, and be confident of getting the right answer, when analysing expenditure for capital allowances claims. This practical and unique book, in A-Z format, explains when and why you can/cannot claim for the cost of more than 300 types of expenditure, including building alterations, barriers, car parks, clothing, demolition costs, tennis courts, ventilation systems, and much more.

The text provides clear, authoritative explanations as to what qualifies for plant and machinery allowances in given circumstances. Each entry includes appropriate statutory and case law references, together with HMRC guidance and the authors’ personal commentary, based on their practical experience of advising businesses on capital allowances over many years.

This book complements our 'Capital Allowances title'. Together, the two books offer more than 1,000 pages of practical and clearly written commentary, arranged in a user-friendly and accessible format.

New for this edition:

Updated commentary on blinds
Additional case law references re meaning of “building”
Comment on treatment of shipping containers
Expanded commentary on meaning of “intention to move” (Acorn Venture case)
Expanded commentary re whether external cabling costs qualify for allowances
Shifting HMRC position re whether double cab pick-up vehicles are cars for capital allowances purposes
New section on design costs in light of Gunfleet case
Brief comment on underfloor heating
An overview of the rules for full expensing has been added
Updated commentary on green technology
New section on the meaning of “installation” of plant or machinery
Updated commentary on moveable partitions following the Acorn Venture decision
Clarification about claims for company-only allowances by corporate members of a partnership
HMRC guidance on polytunnels updated re fixed structures
Expanded commentary on “the provision of” (Gunfleet case)
Expanded commentary on meaning of “fixed structure” (Acorn Venture case)
Updated commentary on wind turbines