HMRC in a mess about big plant at Loch Ness


As capital allowances specialists Six Forward has reviewed one of the most important First-tier tribunal decisions regarding capital allowances made in recent years – Taxation article (1 November 2018).

The tribunal’s ruling was radical in its appraisal of statutory restrictions in terms of the interpretation of language, what still constitutes plant, the concept of works involving the alteration of land as well as being prudent to consider case law before statutory restriction.

The principles discussed and decisions made are of major significance to tax advisors and property owners alike and we should expect to see references to the decision for many years to come.

Read the full article here.