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Capital allowances: buildings, structures or plant?

Paul Farey (AECOM) considers the FTT’s ruling on the Acorn Venture case and yet another discussion around what constitutes expenditure on plant.

In the case of Acorn Venture Ltd v HMRC (2023) UKFTT 995 (TC) the appellant (Acorn) was a tour operator that provided adventure holidays for school children and teachers at various sites within the Brecon Beacons in South Wales. In the year ended 30 September 2015 Acorn incurred capital expenditure of £272 140 on 26 pre-constructed timber and steel camping pods which were delivered to the relevant site and set on preprepared bases. Of the 26 pods 20 were classified as ‘basic pods’ for use by children and six were classified as ‘teacher pods’ for use by the adults. All 26 pods were of the same external construction but were configured differently inside. The basic pods had five timber beds built into the pods whereas...

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