Claiming capital allowances Capital allowances of 130% are currently available on some plant and machinery. Buildings and structures do not usually qualify as plant, but there are exceptions. Agricultural structures have been shown to be ‘plant’ rather than buildings for tax purposes in the case of mechanised grain silos and potato stores. In both cases
New government rules have been introduced which have changed the Capital allowances, these will come into effect from April 2014. The new rules will apply to the acquisition of second hand commercial property on or after 1st April 2014 or 6th for non-corporates. If you are buying a commercial property after April 2014, then contact
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