Insights

Technical commentary on capital allowances, property and related tax matters.

Articles are provided for general information only and do not constitute advice.

Mersey Docks wins plant and machinery status for 'Quay Wall' in Tax Tribunal

Tax Tribunal determines that expenditure on a new quay wall qualifies for plant and machinery allowances

Bryan Crawford

Jan 9, 20253 min read

A test of the function test in a highly regulated and sophisticated asset

An article on the tax treatment of costs for specialist building parts in uranium treatment facility

Bryan Crawford

Mar 2, 20222 min read

Satellite Launch Costs

The recent case of Inmarsat Global Limited v The Commissioners for Her Majesty’s Revenue & Customs [2021] UKUT0059(TCC) is an appeal against a decision of the First-tier tribunal (FTT) that expenditure on the cost of launching six satellites between 1990 and 1996 was not eligible for capital allowances. It was not disputed that had the company constructed and operated the satellites the associated launch costs would qualify for plant and machinery allowances under the ‘provis

Bryan Crawford

Apr 7, 20214 min read