Davinder Sahota and Yousuf Chughtai (EY) examine a recent FTT decision which shows how complex and large structures can be considered to function as plant for capital allowances purposes, even where other premises-like functions may exist.
Like British Prime Ministers cases exploring the eligibility of a particular asset for PMAs have come thick and fast in recent years. The FTT decision in The Mersey Docks and Harbour Company Ltd v HMRC [2024] UKFTT 1163 (TC) is another addition to an already long list and acts as an important reminder of how finely balanced such assessments can be.
The taxpayer The Mersey...
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Davinder Sahota and Yousuf Chughtai (EY) examine a recent FTT decision which shows how complex and large structures can be considered to function as plant for capital allowances purposes, even where other premises-like functions may exist.
Like British Prime Ministers cases exploring the eligibility of a particular asset for PMAs have come thick and fast in recent years. The FTT decision in The Mersey Docks and Harbour Company Ltd v HMRC [2024] UKFTT 1163 (TC) is another addition to an already long list and acts as an important reminder of how finely balanced such assessments can be.
The taxpayer The Mersey...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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