Taxation of Leased Plant and Machinery

Mathew Oliver

Mathew Oliver, Lawyer at Lovells, discusses the proposed changes to the taxation of leased plant and machinery as set out in the latest Technical Note published by HMRC on 21 July

Mathew Oliver Lawyer at Lovells discusses the proposed changes to the taxation of leased plant and machinery as set out in the latest Technical Note published by HMRC on 21 July

Equipment leasing in the UK has evolved in conjunction with the capital allowances system. This is not surprising as leasing can be a form of finance for capital assets and capital allowances are a tax incentive to invest in capital assets.

The capital cost of certain 'big ticket' items of equipment such as ships and aircraft can be very significant. These items can have...

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Mathew Oliver, Lawyer at Lovells, discusses the proposed changes to the taxation of leased plant and machinery as set out in the latest Technical Note published by HMRC on 21 July

Mathew Oliver Lawyer at Lovells discusses the proposed changes to the taxation of leased plant and machinery as set out in the latest Technical Note published by HMRC on 21 July

The capital cost of certain 'big ticket' items of equipment such as ships and aircraft can be very significant. These items can have...

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: