There is no definitive list of plant or machinery qualifying for capital allowances. To understand why such a list does not and can never exist, one only has to study the recent case of Acorn Venture concerning camping pods. In that case, it was decided that fixed structures could be movable buildings and both could be plant, despite provisions within the capital allowances legislation which state that expenditure on plant does not include expenditure on a building or structure. What is more, it is possible for a structure that has the appearance of a building to not be a building at all.
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There is no definitive list of plant or machinery qualifying for capital allowances. To understand why such a list does not and can never exist, one only has to study the recent case of Acorn Venture concerning camping pods. In that case, it was decided that fixed structures could be movable buildings and both could be plant, despite provisions within the capital allowances legislation which state that expenditure on plant does not include expenditure on a building or structure. What is more, it is possible for a structure that has the appearance of a building to not be a building at all.
If you are not a subscriber, subscribe now to read this content.
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