Sheds on the move
Language: English Series: Taxation ; 165(4243) 18 February 2010, 13-15(3)Publication details: 2010Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L149632 (Browse shelf(Opens below)) | 1 | Available | 149632-1001 |
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.