Commentary

B3.707 Interaction with other capital allowances provisions

Business tax
Business tax | Commentary

B3.707 Interaction with other capital allowances provisions

Business tax | Commentary

B3.707 Interaction with other capital allowances provisions

Where allowances have been made to a person in respect of capital expenditure under one code (eg plant and machinery), he may not claim allowances under another code in respect of that expenditure1.

The taxpayer may effectively choose which code of capital allowances is to apply to any expenditure that qualifies for allowances under more than one code. Clearly, where accelerated tax depreciation is required, the taxpayer will opt for the R&D allowance (100%) over, say, most plant and machinery allowances (broadly 18% a year reduced from 20% for chargeable periods beginning on or

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