1
Q
How does D&B affect CAs?
A
Ownership and timing depend on contract terms.
2
Q
Who owns plant for CA purposes?
A
The party bearing economic ownership.
3
Q
How do EOTs affect CAs?
A
Delay first use and claims.
4
Q
How do LADs interact with tax?
A
Usually treated as revenue.
5
Q
Why is land apportionment critical?
A
Land does not qualify for CAs.
6
Q
How do you justify a split?
A
Market evidence and valuation methods.
7
Q
What valuation methods are used?
A
Residual, comparable, or cost-based.
8
Q
How does contaminated land relief work?
A
150% deduction for remediation costs.
9
Q
How does it differ from CAs?
A
It applies to land, not plant.
10
Q
What evidence does HMRC expect?
A
Valuations, workings, contracts, invoices.
Year 2 Taxation Allowances
flashcards
Decks in class (10)
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