Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Capital Allowances Act 2001 section 70U
Plant or machinery leased with land: low percentage value
Section 70U provides an exclusion from long funding lease treatment for plant or machinery that is leased with land but is not background plant or machinery, where the value of that plant or machinery is low relative to the value of the background plant or machinery and the land.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.