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We regularly check the Tax Tribunal decisions for capital allowances cases to ensure we keep up to date with the effects of these tax cases for our property clients.

This recent capital allowances case however, gave us a bit a scare when we read that HMRC were seeking to exclude around 70% of the claim for capital allowances on a new hydroelectric scheme, when we regularly value our capital allowances claims between 80-90%.

This case hinged around the interpretation what “plant” is or isn’t, in terms of sections 21 and 22 of the Capital Allowances Act 2001; a point which already has many cases.

For our review of the case click here .

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