CAPITAL ALLOWANCES – first year allowances – expenditure incurred by parent company on the provision of machinery and plant – machinery and plant used by subsidiary company who paid the parent company an annual charge – annual charge a proportion of the charges made by the subsidiary to its customers – whether expenditure by parent company was on the provision of machinery or plant ‘for leasing’ – yes – appeal dismissed – CAA 1990 Ss 22 (6B) (d)
Citations:
[2003] UKSC SPC00376
Links:
Corporation Tax
Updated: 10 June 2022; Ref: scu.195435
