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Using the wind
Key points
- Do capital allowances claimed on expenditure for studies for the construction of wind farms qualify as providing plant?
- The need to plan marginal and significant claims ahead of the expenditure to maximise the claim.
- Should a given system qualify as a single system or should each part be viewed as distinct items?
- Wind farms were likened to production lines and the site can therefore be considered as comprising as a single item of plant.
- The First-tier Tribunal found that studies and project management costs for the construction of wind farms partly qualified for capital allowances.
A recent case Gunfleet Sands Ltd (TC8387) involved wind farms a subject that can be important to farmers. The sums involved were significant as was the decision.
During the case questions were asked as to whether or not capital allowances claimed on expenditure for studies and project...
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