A-Z of Plant & Machinery 2024-25

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