In Acorn Venture Ltd v HMRC [2023] UKFTT 995 (TC) (22 November 2023) the FTT allowed in part the company’s claim to capital allowances for its expenditure on camping pods for use by participants in school trips.
The company was a tour operator providing residential adventure holidays for school children from various centres including one in the Breacon Beacons. It purchased 26 pre-constructed camping pods which were placed on the site as accommodation for students and teachers. The pods were erected on the hardstanding area previously occupied by portacabins and supported by breeze blocks and a wooden base frame. Each pod was anchored to the ground. All the pods were the same externally but the six teachers’ pods were equipped with flushing toilets washing facilities and a small kitchen area but the children’s pods were not. The company claimed annual investment allowance (AIA) for the cost...
