![174579](https://www.taxation.co.uk/images/default-source/woodwing/174579.png?sfvrsn=6eb39b1c_2)
Key points
- A business bought 26 pre-constructed ‘camping pods’ in respect of which it claimed the annual investment allowance.
- The First-tier Tribunal agreed the ‘basic pods’ qualified for allowances because they were not fixed. The ‘luxury pods’ were fixed and did not qualify.
- If the taxpayer had intended to move the luxury pods they might have qualified under CAA 2001 s 23 list C item 21.
- The set-up costs of diversification projects must be factored in as well as the planning permission cashflow and budgets.
With a lot of farm diversification focusing on UK tourism and education a recent tax tribunal has provided welcome tax news for farmers and their advisers.
In Acorn Venture Ltd (TC9006) the First-tier Tribunal (FTT) found that the basic camping pods provided to school children for residential adventure holidays qualified for plant and machinery capital allowances. However the...
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