I understand that capital allowances are available on an overhead gantry crane, but to what pool should the expenditure be allocated?
I cannot find any evidence to suggest that it would have to be allocated to the Special Rate Pool unless it is deemed to fall under the integral features umbrella of a lift, an escalator or a moving walkway. I think there is an argument to state that it is an item of trade specific plant & equipment and is not seen to be in the same catagory of a lift or escalator, so should be allocated to the Main Pool.
Can anybody shed some light on the matter?
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And all I do is feed 50 p into the electricity meter.
Cost at least that to illuminate the text of the appeal notes.
I vote main pool as machinery. If it is not a machine then it ought to be a hoist - also main pool. Definitely not a lift, escalator or moving walkway.