Commercial building number and name plate

Commercial building expensive number and name plate

Didn't find your answer?

Would a building name plate qualify as plant and machinery for capital allowances? From what I have read door furniture qualifies as plant/fixtures and fittings but this is fixed to the building and directly relating to the building so my initial thoughts are that it isn't.

Any replies welcome.

 

Replies (8)

Please login or register to join the discussion.

avatar
By mrwmark
22nd Jun 2024 08:59

Hope this helps someone else. I think I am going to put this under the heading of 'displays, signs and similar equipment' and class it as a fixtures and fittings.

Thanks (0)
avatar
By FactChecker
22nd Jun 2024 11:52

No idea what an "expensive number and name plate" is, or indeed it's purpose.
Presumably you're not referring to the old 'Registered Office brass name plate' (which can be made/acquired for £25)?

So materiality may be a factor in your decision, but not as much as purpose (a gigantic sign saying 'get your best value used cars here' is probably a marketing expense, whereas something merely making it clear that this is no. 108 High Street ...)

Thanks (2)
Replying to FactChecker:
avatar
By mrwmark
22nd Jun 2024 13:18

In this case quite ornate with a cost of £90 plus tax, displaying business name and street name. Not a really large amount to worry about I guess. Found some references in a tax book I have and going to classify it as 'signs, displays and similar assets' which states that it should qualify as plant even though affixed to the building. Not really that important I suppose as tax relief given if p and l or balance sheet.

Thanks for taking the time to reply.

Regards.

Thanks (0)
Replying to mrwmark:
RLI
By lionofludesch
24th Jun 2024 22:53

mrwmark wrote:

In this case quite ornate with a cost of £90 plus tax, displaying business name and street name. Not a really large amount to worry about I guess.

Regards.

£90? You guess right.

Thanks (0)
avatar
By paul.benny
22nd Jun 2024 16:28

For £90, I wouldn't even have considered capitalising.

Thanks (6)
Replying to paul.benny:
avatar
By mrwmark
23rd Jun 2024 15:34

I only deal with small businesses so set my limit at £50 plus. I take your point though. Always interesting to see what other people do.

Regards and thanks again.

Thanks (0)
Replying to mrwmark:
avatar
By paul.benny
24th Jun 2024 08:55

Really? I think your capitalisation threshold needs to enter the 21st century.

Thanks (1)
Replying to paul.benny:
avatar
By mrwmark
24th Jun 2024 23:37

Thanks again.

Regards.

Thanks (0)