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By: Series: Taxation ; 156 (4051) 30 March 2006, 657-659(3)Subject(s): Summary: Reviews "Maco Door and Window Hardware (UK) Ltd" (SpC 508)recent Special Commissioner's decision on industrial buildings allowances. M stored a large reserve stock of fittings imported from its Austrian parent company in a warehouse which was mainly used for storage and was not open to the public or customers. M claimed industrial buildings allowances on warehouses under the Capital Allowances Act 2001 s274 Table A(3) storage. HMRC refused M's claim. M appealed to the Special Commissioners. Judgment was in favour of M. Because of the terms on which the products were supplied to it, part of M's trade was the storage of goods or materials to be used in the manufacture of other goods and materials and its warehouse was therefore an industrial building within Table A(3) of s274 of the 2001 Act. "Maco" now provides a clearer guideline of where claims can now be made.
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Item type Current library Call number Copy number Status Barcode
Journal article London Journal article L133059 (Browse shelf(Opens below)) 1 Available 133059-1001

Reviews "Maco Door and Window Hardware (UK) Ltd" (SpC 508)recent Special Commissioner's decision on industrial buildings allowances. M stored a large reserve stock of fittings imported from its Austrian parent company in a warehouse which was mainly used for storage and was not open to the public or customers. M claimed industrial buildings allowances on warehouses under the Capital Allowances Act 2001 s274 Table A(3) storage. HMRC refused M's claim. M appealed to the Special Commissioners. Judgment was in favour of M. Because of the terms on which the products were supplied to it, part of M's trade was the storage of goods or materials to be used in the manufacture of other goods and materials and its warehouse was therefore an industrial building within Table A(3) of s274 of the 2001 Act. "Maco" now provides a clearer guideline of where claims can now be made.