Corporation tax – capital allowances – sections 11 and 21-23 Capital Allowances Act 2001 – plant and machinery allowances on expenditure incurred in construction and rectification works on underground hydroelectric power scheme – water intakes, network of aqueducts leading to reservoir, underground headrace and tailrace, caverns housing the generating equipment and various other tunnels and conduits considered – appeal allowed in part
Citations:
[2018] UKFTT 416 (TC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 10 July 2022; Ref: scu.621424