A-Z of Plant & Machinery

Publisher: Claritax Books; paperback 215 pages

This is a very readable aide memoire to assist the reader as to what constitutes plant and machinery.

A wrong definition of capital expenditure in this area may result in an under-claim of capital allowances or in an over-claim that may lead to interest and penalties. Expenditure can attract no tax relief at all or be subject to a slower rate of relief as for ‘integral features’ within the special rate pool.

The structure of the book is simple: after a short introductory text the main section provides analyses of just over 200 types of expenditure.

The authors aim to bring together statutes case law and HMRC guidance and wrap them within their practical experience – and they occasionally challenge the Revenue’s view.

In the first section the writers consider CAA 2001...