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Capital Allowances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Capital Allowances

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
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  • February 23, 2017 at 11:34 pm #373944
    sameed121
    Member
    • Topics: 9
    • Replies: 3
    • ☆

    Purchase of a second-hand freehold office building for 428000. This figure included 31000 for ventilation and 42000 for lift. Both ventilation and the lift are integral to the office building.

    Q1- How should i treat this building for capital allowance ?

    February 25, 2017 at 1:31 pm #374158
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Buildings do NOT get capital allowances – only qualifying plant and machinery qualifies and this includes integral features as you state.

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