Capital allowances
Capital allowances
- 1994
- Estates Gazette Case Summaries (1994) EGCS 147(1) (11/8/94) .
"Melluish (HMIT) v BMI (No 3) Ltd and others" CA 28 July 1994. Appeals from both parties were allowed in a dispute over ownership of central heating equipment installed by B and the capital allowances accruing. Upholding in part judgment at first instance, the court held that the equipment constituted fixtures and no longer belonged to B. B could only claim allowances under the Finance Act 1985 para 3.
CAPITAL ALLOWANCES
CENTRAL HEATING
FINANCE ACT 1971
FINANCE ACT 1985 PARA 3
FIXTURES AND FITTINGS
HOBSON V GORRINGE
"Melluish (HMIT) v BMI (No 3) Ltd and others" CA 28 July 1994. Appeals from both parties were allowed in a dispute over ownership of central heating equipment installed by B and the capital allowances accruing. Upholding in part judgment at first instance, the court held that the equipment constituted fixtures and no longer belonged to B. B could only claim allowances under the Finance Act 1985 para 3.
CAPITAL ALLOWANCES
CENTRAL HEATING
FINANCE ACT 1971
FINANCE ACT 1985 PARA 3
FIXTURES AND FITTINGS
HOBSON V GORRINGE