Capital Allowances

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 3960
Buildings do NOT get capital allowances – only qualifying plant and machinery qualifies and this includes integral features as you state.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.