Commentary

B3.360 Plant and machinery allowances—partial depreciation subsidies

Business tax
Business tax | Commentary

B3.360 Plant and machinery allowances—partial depreciation subsidies

Business tax | Commentary

B3.360 Plant and machinery allowances—partial depreciation subsidies

For payments made to take account of the whole of the depreciation of an asset, see B3.311.

'Partial depreciation subsidy' means a sum which1:

  1.  

    •     is payable directly or indirectly to a person who has incurred qualifying expenditure for the purposes of a qualifying activity

  2.  

    •     is in respect of, or takes account of, part of the depreciation of the plant or machinery resulting from its use for the purposes of that activity, and

  3.  

    •     does not fall to be taken into account as income of that person or in calculating the profits of any qualifying activity carried on by him

If it appears that there will be a partial depreciation subsidy

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