Author Description

This is a detailed guide to the taxation provisions relating to capital allowances including the legislation and relevant case law up to August 1st, 1993. New to this edition is coverage of the temporary reintroduction of first-year allowances on agricultural and industrial buildings, plus other relevant provisions of the Finance Act 1993 including those relating to transfers between connected persons and leasing arrangements. Also included are new computations to aid comprehension; greater depth to the new "pay and file" regime for companies and the new determination procedures; lastest case law on what is plant, including greenhouses; latest practice statement on film allowances; and other points of practice, including matters of professional fees and vehicle licensing.