Commissioners for Her Majesty's Revenue and Customs v Maco Door and Window Hardware (UK) Ltd
Commissioners for Her Majesty's Revenue and Customs v Maco Door and Window Hardware (UK) Ltd
- 2006
[2006] EWHC 1832 (Ch), 19 July 2006. Concerns qualification of property for Industrial Buildings Allowance (IBA) tax relief. M appealed against the refusal of its claim to IBA on a warehouse storing imported products, and the appeal was allowed. HMRC appealed against this decision. "Held": HMRC's appeal allowed. Capital Allowances Act 1990 s18(2) had been misinterpreted. The storage was carried out to support M's wholesale trading operation and not as a commercial activity in itself. There was no distinction in substance between the operation of M's warehouse and the storage in "Bestway (Holdings) Ltd v Luff" (ChD, X90130).
HM REVENUE AND CUSTOMS V MACO DOOR AND WINDOW HARDWARE (UK) LTD
BESTWAY (HOLDINGS) LTD V LUFF (HM INSPECTOR OF TAXES)
CAPITAL ALLOWANCES ACT 1990 S18(2)
MACO DOOR AND WINDOW HARDWARE (UK) LTD V REVENUE AND CUSTOMS COMMISSIONERS
INDUSTRIAL BUILDINGS ALLOWANCE
England and Wales--1543-
[2006] EWHC 1832 (Ch), 19 July 2006. Concerns qualification of property for Industrial Buildings Allowance (IBA) tax relief. M appealed against the refusal of its claim to IBA on a warehouse storing imported products, and the appeal was allowed. HMRC appealed against this decision. "Held": HMRC's appeal allowed. Capital Allowances Act 1990 s18(2) had been misinterpreted. The storage was carried out to support M's wholesale trading operation and not as a commercial activity in itself. There was no distinction in substance between the operation of M's warehouse and the storage in "Bestway (Holdings) Ltd v Luff" (ChD, X90130).
HM REVENUE AND CUSTOMS V MACO DOOR AND WINDOW HARDWARE (UK) LTD
BESTWAY (HOLDINGS) LTD V LUFF (HM INSPECTOR OF TAXES)
CAPITAL ALLOWANCES ACT 1990 S18(2)
MACO DOOR AND WINDOW HARDWARE (UK) LTD V REVENUE AND CUSTOMS COMMISSIONERS
INDUSTRIAL BUILDINGS ALLOWANCE
England and Wales--1543-