Sheds on the move
Ward, John
Sheds on the move - 2010 - Taxation 165(4243) 18 February 2010, 13-15(3) .
Some capital allowances can be claimed on farm buildings. HMRC deems agricultural sheds and buildings to be structures, not qualifying as plant for capital and annual investment allowance. Agricultural buildings allowances are being phased out from the 2011/12 tax year. Examines the rules relating to integral fittings, moveable and unboltable sheds. Careful planning is needed to ensure that farming clients obtain maximum tax relief on expenditure which not appear to qualify for any allowances.
CAPITAL ALLOWANCES ACT 2001 SS21-22
PROPERTY-RURAL AND NATURAL ASSETS-AGRICULTURAL PROPERTY
United Kingdom--
Sheds on the move - 2010 - Taxation 165(4243) 18 February 2010, 13-15(3) .
Some capital allowances can be claimed on farm buildings. HMRC deems agricultural sheds and buildings to be structures, not qualifying as plant for capital and annual investment allowance. Agricultural buildings allowances are being phased out from the 2011/12 tax year. Examines the rules relating to integral fittings, moveable and unboltable sheds. Careful planning is needed to ensure that farming clients obtain maximum tax relief on expenditure which not appear to qualify for any allowances.
CAPITAL ALLOWANCES ACT 2001 SS21-22
PROPERTY-RURAL AND NATURAL ASSETS-AGRICULTURAL PROPERTY
United Kingdom--