Where there’s muck, there’s money

KEY POINTS

• The whole slurry tank can be made to qualify for allowances.
• The pit must be specific and functional.
• Obtain separate invoices for each part of the building.
• Work closely with the designer.

Under Revenue and Customs Brief 66/08 slurry storage systems located anywhere in the UK which are used for the temporary storage of slurry qualify as plant or machinery for the purposes of capital allowances.

This was introduced following the 1991 EU Nitrates Directive that guides the use of fertilizers and necessitates the storing of slurry prior to its application.

Under the terms of the brief a slurry storage system includes the following:

• ‘a slurry storage tank whether above or below ground
• ‘any reception pit and any effluent tank used in connection with the slurry storage tank
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