Way back in the day, BATA reached an agreement with HMRC whereby aircraft meeting certain specifications would be treated 50% as main rate asset and 50% as special rate asset (having life exceeding 25 years). That agreement stated that it came to an end in 2013, at which point it would be reviewed.
I cannot find any evidence of that agreement being extended, replaced or reviewed. Does anyone else know about this, and what happens after 2013?
Obviously only applies to expenditure not covered by AIA.
With kind regards
Clint Westwood
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I am currently in the same boat as you.
Can you now confirm what has happened post 2013?
Thanks