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In the replies to the query Rent accounts, it was stated that the installation of central heating would qualify as an integral feature and therefore capital allowances would be available.
Reference was made to HMRC’s Capital Allowances Manual at CA 21200 and CA22330.
CAA 2001, s 15 lists various qualifying activities for the purposes of CA 2001, Part 2 (“plant and machinery allowances”) and these include:
In the replies to the query Rent accounts it was stated that the installation of central heating would qualify as an integral feature and therefore capital allowances would be available.
Reference was made to HMRC’s Capital Allowances Manual at CA 21200 and CA22330.
CAA 2001 s 15 lists various qualifying activities for the purposes of CA 2001 Part 2 (“plant and machinery allowances”) and these include:
- an ordinary UK property business;
- a UK furnished holiday letting business;
- an ordinary overseas property business; and
- an EEA furnished holiday lettings business.
Unfortunately CAA 2001 s 15 must be read in conjunction with CAA 2001 s 35 which confirms that expenditure on plant and machinery “is not qualifying expenditure if it is incurred in providing plant or machinery for...
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