Capital allowances can be refused
Capital allowances can be refused
- 1987
- Financial Times 13/1/87 p8 .
In Ellis v BP Northern Refinery Ltd Ellis v BP Tyne Tanker Co Ltd (CA 12 December 1986) it was held that a company may waive its right to claim capital allowances against corporation tax and if it chooses to do so the allowances are not automatically deductible by the Revenue.
In Ellis v BP Northern Refinery Ltd Ellis v BP Tyne Tanker Co Ltd (CA 12 December 1986) it was held that a company may waive its right to claim capital allowances against corporation tax and if it chooses to do so the allowances are not automatically deductible by the Revenue.