I took a telephone call this morning from a commercial asset provider who I have previously networked with.
He is in the process of structuring a deal where his client purchases 'new' Plant & Machinery for £350k and then sells the equipment to a HP provider. The company is then due to purchase the equipment under a Hire Purchase agreement.
In this scenario would the asset would still qualify for the super tax deduction allowance? Due to the chain of events on the transaction would the asset still be classed as new and unused?
Thank you for taking the time to read this question and appreciate any help with this matter.