Capital Allowances Act 2001 section 270BI

Provision of plant or machinery

Section 270BI ensures that capital expenditure on plant or machinery, which already qualifies for plant and machinery allowances under Part 2 of the Act, cannot also be claimed as structures and buildings allowances.

• Capital expenditure on plant or machinery is classified as "excluded expenditure" for structures and buildings allowances purposes
• This prevents the same expenditure from attracting both plant and machinery allowances and structures and buildings allowances
• The exclusion applies where the expenditure qualifies as plant or machinery expenditure under Part 2 of the Capital Allowances Act 2001
• Businesses must identify and separate plant and machinery costs from the broader construction or renovation expenditure when making a structures and buildings allowance claim