000			01517cab a2200277 4500
001			ABS51639
008			090401t1994 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u36650
041			_aeng
245			_aMelluish (Inspector of Taxes) v BMI (No3) Ltd
260			_c1994
350			_a0
490			_aWeekly Law Reports _v(1994) 3 WLR 1032-1044(7)
520			_aCA 28 July 1994. B and related companies leased central heating equipment and other plant to local authorities. They disagreed with the Inland Revenue over their eligibility for tax allowances under the Finance Act 1971 s44. M argued that once the equipment is installed it becomes a fixture and ceases to be B`s property. Special Commissioners overturned this ruling on the grounds that the leasing terms define the plant as chattels, and accordingly B was entitled to allowances under the Finance Act 1985 s59. This contention was reversed at court; the equipment, once installed, became the tenants` property and B did not qualify for allowances. On appeal it was "held" that B did lose possession of the equipment, but was eligible for the allowances.
650			_aCAPITAL ALLOWANCES
650			_aFINANCE ACT 1971 S44
650			_aFINANCE ACT 1985 S59
650			_aHOBSON V GORRINGE
650			_aMELLUISH (INSPECTOR OF TAXES) V BMI (N03) LTD
650			_aPLANT AND MACHINERY
650			_aTAX ALLOWANCES
690			_aPROPERTY LAW AND PRACTICE-CASE LAW
690			_aTAXATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c23742 _d23742