Commentary

V7.239A Capital goods scheme—period of adjustment linked to owner's interest

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.239A Capital goods scheme—period of adjustment linked to owner's interest

Part V7 Tax planning | Commentary

V7.239A Capital goods scheme—period of adjustment linked to owner's interest

The following change affects capital goods scheme assets for which the period of adjustment (under the old rules) had not started before 1 January 2011:

  1.  

    •     In some cases, an owner's interest in a scheme asset lasts for less than ten years (land and buildings) or five years (computers, aircraft, boats etc). Until 31 December 2010, five or ten interval adjustments were still required through the capital goods scheme.

  2.  

    •     From 1 January 2011, the number of scheme intervals will be capped at the length of the owner's interest

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