Capital allowances on plant and machinery in buildings

Abstract

So much has been written in recent years about industrial buildings allowance that it would be a rare thing if anyone involved in property overlooked them. It is less widely realised, however, that a significant part of the expenditure on most modern buildings, both industrial and commercial, qualifies for capital allowances on plant and machinery. 1982 saw two important decisions of the House of Lords — Cole Brothers Ltd v Phillips and CIR v Scottish & Newcastle Breweries Ltd — in which the scope of what is included in the term ‘plant’ was reviewed (reports of these cases appear in this issue) and these and other interpretations by the courts will be considered here.

Citation

Maas FCA ATII, R. (1983), "Capital allowances on plant and machinery in buildings", Property Management, Vol. 1 No. 3, pp. 229-235. https://doi.org/10.1108/eb006555