Capital Allowance

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April 10, 2015 at 6:29 am #240715
zeeshan Afzal
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Why Building is not qualify for capital allowance in tax purpose? but on the same way in accounting building will depreciated over its useful life..
i m so confusing can anyone help me?
April 10, 2015 at 4:14 pm #240772
Tax Tutor
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You do not get capital allowances simply because you incur capital expenditure! Only qualifying plant and machinery will be eligible as stated in the course notes.
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