Storage platforms are plant
Storage platforms are plant
- 1992
- Times 14 July 1992, 28(1) .
In "Hunt (Inspector of Taxes) v Henry Quick Ltd" and "King (Inspector of Taxes v Bridisco Ltd", QBD 22 June 1992, it was held that expenditure by wholesaler distributors on installing mezzanine platforms in their single-storey warehouses to increase storage space was incurred on plant and qualified for writing-down allowances under Finance Act 1971 s44. But expenditure incurred on the ancillary lighting required as a consequence of the installations did not qualify for any relief.
CAPITAL ALLOWANCES ACT 1990 S24
CAPITAL ALLOWANCES
FINANCE ACT 1971 S44
MEZZANINE PLATFORMS
PLANT AND MACHINERY
WRITING DOWN ALLOWANCES
In "Hunt (Inspector of Taxes) v Henry Quick Ltd" and "King (Inspector of Taxes v Bridisco Ltd", QBD 22 June 1992, it was held that expenditure by wholesaler distributors on installing mezzanine platforms in their single-storey warehouses to increase storage space was incurred on plant and qualified for writing-down allowances under Finance Act 1971 s44. But expenditure incurred on the ancillary lighting required as a consequence of the installations did not qualify for any relief.
CAPITAL ALLOWANCES ACT 1990 S24
CAPITAL ALLOWANCES
FINANCE ACT 1971 S44
MEZZANINE PLATFORMS
PLANT AND MACHINERY
WRITING DOWN ALLOWANCES