Market leading insight for tax experts
View online issue

HMRC manual changes: 14 June 2024

Direct taxes  

Manual  Page  Comments 
Capital Allowances ManualUpdated: CA23122 and CA94751 The guidance explains the First Year Allowance (FYA) available for companies investing in plant and machinery for use in freeport and investment zone special tax sites; and the enhanced rate of structures and buildings allowance (SBA) for qualifying expenditure incurred on buildings in special tax sites. In order to qualify for this FYA the expenditure must be incurred on or before the applicable sunset date in relation to the special tax site concerned; and in order to qualify for the enhanced SBA the building must be first brought into qualifying use on or before the applicable sunset date. Following legislation to extend the sunset dates the guidance confirms a sunset date...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top