Page 4 - F6 - Capital Allowance (Part 1)
P. 4

Manufacturing Plant




    And Machinery (s12c)





           • Owned by the taxpayer/instalment sale agreement


                      • Only if brought into use for the 1 time
                                                                                                 st
                       • Used in process of manufacture/similar                                                             Not

                                                                                                                      apportioned

                                                            BUT IF:                       New/unused

                     Cost x 20%                                                                  Cost x


                                                                                       40/20/20/20%
           "COST"

                             Lower of cost /MV on date purchased

          Incl. Installation/erection  cost/foundation cost/moving cost


                                                   Excl. Finance charges


                      MOVING COST: written off over remaining tax life of asset

                                   (if written off in full – claim full moving cost)



              May claim if asset is let (used in manufacturing process)

                                               BUT NOT 40/20/20/20
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