Lift Shafts and Capital Allowances

I have been asked the question as to whether a lift shaft in a new building qualifies for capital allowances.

Tolley's Tax Data tells me that a lift shaft is treated as a building and therefore does not qualify. This corresponds to Section 25 of the Inland Revenue's Capital Allowances manual.

However, Tolley's Tax Data goes on to tell me that Lifts and Lift Shafts both qualify for capital allowances based on case law, Revenue Practice, etc.

Am I missing something?

Has the Inland Revenue not updated their Manual with respect to the results of case law?

Robert Barr

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New vs old building distinction

rmason |