C

    Corporation tax - Capital allowances - General principles - Capital expenditure - Ascertaining amount of expenditure - 4065

    Where VAT is incurred in connection with the acquisition of assets, and the VAT is not recoverable, either in part or in full, the irrecoverable element is treated as capital expenditure. Where...

    Corporation tax - Capital allowances - Plant and machinery - Quantifying the expenditure - Additional costs - 4465

    Additional costs may include any of the following: - altering buildings incidental to the installation of plant and machinery for the purposes of the trade; - demolition of existing plant and machinery...