The Finance Act 1994 ‐ machinery and plant allowances
Chris Printall
(Chris Printall is Property Taxation Specialist, Gleeds, Chartered Quantity Surveyors, Cardiff, UK)
Stuart Gronow
(Stuart Gronow is Professor of Real Estate Appraisal, Centre for Research in the Built Environment, University of Glamorgan, Pontypridd, UK)
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Abstract
Considers the implications of the Finance Act 1994, sections 117 and 118, on claims for machinery and plant allowances. Examines the changes that have been introduced by the new rules, the reasons for introducing them, the effect they will have on levels of allowances and the opportunities which present themselves to maximize claims. Also considers whether the Inland Revenue will achieve their stated goal to “clarify the boundary” and “protect the Exchequer”.
Keywords
Citation
Printall, C. and Gronow, S. (1996), "The Finance Act 1994 ‐ machinery and plant allowances", Property Management, Vol. 14 No. 3, pp. 31-38. https://doi.org/10.1108/02637479610124972
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited