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Capital allowances - machinery, plant hired out

Category Technical Articles
AuthorTechnical Department
Article by Arthur Sellwood, former Inspector of Taxes. This article appeared in the January 2004 issue of Tax Adviser. To download the article in Adobe (pdf) format, please click on the link below.


  • First year allowances, ended in 1984, have been resurrected.
  • Exceptions to entitlement to allowances include plant provided for leasing.
  • Letting on hire is regarded as leasing - but to what extent?
  • Revenue's attitude changed by a decision in the courts.

Technical Department
020 7235 9381

January 2004 by Arthur Sellwood


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