Capital allowances – Clarification of allowances for costs of altering land

The measure

The measure clarifies that only capital expenditure incurred on alterations to land necessary to install plant or machinery is eligible for plant and machinery allowances. Expenditure on other alternations to land is confirmed to be not eligible. 

Who will be affected?

Businesses that claim capital allowances on the cost of altering land for the purposes of installing plant or machinery.

When will the measure come into effect?

The measure will have effect for capital allowances claims on or after 29 October 2018.