Capital allowances clause—agreement for lease with a landlord’s contribution
Produced in partnership with Martin Wilson
Capital allowances clause—agreement for lease with a landlord’s contribution

The following Tax precedent Produced in partnership with Martin Wilson provides comprehensive and up to date legal information covering:

  • Capital allowances clause—agreement for lease with a landlord’s contribution

    1. 1

      Capital allowances

      1. 1.1

        In this clause 1:

        CAA 2001

        1. means Capital Allowances Act 2001

        Fixtures

        1. means those items forming part of the Tenant’s Works which constitute plant or machinery under CAA 2001

        Landlord’s Contribution

        1. £[insert figure] plus VAT (if any)

        Qualifying SBA Assets

        1. means those items forming part of the Tenant’s Works on which expenditure qualifies for structures and buildings allowances under Part 2A of CAA 2001

        Special Rate Plant

        1. means plant or machinery on which expenditure would be classified as special rate expenditure under CAA 2001, s 104A

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