This company uses shipping containers to provide storage for surplus stock. These are not moved once located on site. Historically they have purchased some every year and treated as non qualifying for capital allowances, on the basis that they are premises rather than plant. The query has now arisen whether these might qualify for the structures and buildings allowance. However, to claim SBA you need to acquire a building or structure, which includes something that is 'constructed' (which I have intepreted to mean constructed on site, but perhaps incorrectly?). This suggests that a container would not qualify as I do not consider it to be a building, and although constructed by someone at some point this is not on site. This leaves no allowances, which does not seem right, as if they built a shed for storage purposes this would qualify. I would be interested to know if anyone has a view on this?
29th Jul 2021
Can SBA be claimed on shipping containers?
Shipping containers used in the trade for storage
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