Hello everyone,
I am an accounts assistant for a construction company and have just bought a caravan for a construction site that is to serve as a shelter for the builders/workers.
The intention is to sell it straight after it is no longer needed for the site. I am thinking that it is a company asset and goes under plant and machinery and that it shouldnt be part of the project's expenses. In the future they might change their mind and keep it for a different project.
Will this qualify for capital allowances and can we claim VAT for it?
Too many questions I know, please forgive my inexperience.