Capital Allowances Case Summary: Bowerswood House Retirement Home

Capital Allowances Case Summary: Bowerswood House Retirement Home v HMRC [2015]

Release Date: 26 January 2015

Overview 

Whether a swimming pool enclosure is plant and the appropriate basis of apportioning the purchase price to qualifying plant and machinery for capital allowances purposes.

The FTT found the enclosure was not plant. They also found the apportionment formula is a […]