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Benson v Yard Arm Club Ltd: 1979

The purchase and conversion of a vessel and barge to be used as permanently moored floating restaurant was held not to be the provision of plant to attract allowances.

Citations:

(1979) 53 TC 67

Jurisdiction:

England and Wales

Cited by:

CitedLingfield Park (1991) Limited v Shove CA 31-Mar-2004
The taxpayers sought capital allowances on the costs of installing an artificial all-weather race track.
Held: The track was not either plant or machinery, and the taxpayer was not eligible for the relief. The only reasonable conclusion was . .
Lists of cited by and citing cases may be incomplete.

Corporation Tax

Updated: 26 November 2022; Ref: scu.196000

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