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Fiscal Incentives Briefing

Monday, 11 February 2019

Fiscal Incentives Briefing

Stephen May v HMRC (2019): Going against the Grain

There has been plenty of legislation relating to capital allowances over the years; and it is tempting to think that we have come full circle following a second case on grain silos. In Stephen May v HMRC [2019] the First-Tier Tribunal had to decide whether or not, in the light of the present day legislation and case law, a modern facility for storing grain qualified as plant for capital allowances. A little bit of history repeating itself?

Click here to read this case briefing prepared by Paul Farey, Director, Asset Advisory at PAI member AECOM.