Technical Director, Ray Chidell talks us through capital allowances claims for buildings and under part 2, chapter 3 of the Capital Allowances Act 2001. Focusing on section 21, that lays out the statutory position which excludes buildings from plant and machinery claims (both construction and acquiring).
He also walks us through List A with catalogues assets that are to be treated as building and therefore no plant or machinery allowances can be given.
However, there are exceptions as covered in other videos.
