I am joining a Group of Limited Companies that is in the business of renting out a vast range of Plant and Machinery to UK based customers.
Is it elligible to claim the super 130% deduction if it leases the assets to its customers? What about if the business itself leases the assets from a supplier and then leases that onto customers, of course with the lessors permission?
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No and No, unless the assets leased are background plant within buildings, but that does not seem likely from the question.
Are you joining as the group’s tax specialist? If not, I’d be tempted to leave that to the internal or external tax technical advisor(s) that a group leasing a “vast” range of assets presumably has.
If you want to know more for general interest, have a read of this:
https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca23161