Category: Cash in Pension

Writing Down Allowances and Pools

In a separate article, we looked at First Year Allowance (FYA) that typically involves allowing taxpayers to write off a percentage of the expenditure of providing a capital asset in [...]

Owner of Fixtures: Elections between Lessor and Lessee

A lease can be of a building or land which is received by the lessee along with several permanent fixtures forming part of the asset. Alternatively, the lease can be [...]

Plant and Machinery Allowances and Fixtures

Plant and Machinery Allowances (PMA) can typically be claimed only by the owner of the asset. However, in hire purchase contracts, the hirer can claim PMA on the hired asset [...]

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