.png)
.png)
IAIN MACLEOD explains why polytunnels are plant for the purposes of capital allowance claims
KEY POINTS
- Polytunnels have revolutionised UK horticulture.
- Spanish tunnels are usually moveable buildings or structures that are not fixed.
- They are not premises but business assets.
- They should qualify for capital allowances as plant.
Boundaries make tax interesting. Few boundaries have been more difficult to trace than that where a structure may be plant. Is a dry dock plant?Yes.
How about a floating restaurant? No. What about a race track? No. Or an all-weather football pitch? Yes. A planteria? Sorry no.
The agricultural polytunnel has been the subject of similar discussion.
The forebear (i.e. CAA 1990 Sch AA1) to CAA 2001 ss 21 to 24 became law in 1994 to it was said strengthen the plant/structure boundary and...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
