Hi - I have a client who has recently upgraded his showroom display - I believe that the expenditure is 'AIA qualifying expenditure' as CA23084 states that the only business assets not covered are land, buildings and cars and CA22030 states that display equipment is unaffected by the legislation saying that most buidlings and structures are not plant.
However, I wondered whether anyone has experience of this and could comment? The displays are likely to be in the showroom for a number of years, after which they may be either scrapped or sold to customers as they are replaced.
The displays are not part of the infrastructure of the building so they are Main rate pool (18% WDA) and AIA's are available so provided displays are less than £25k (currently) and the AIA has not already been used on other assets you will have capital allowances available for the whole amount.
These are the same rules as for window dressing displays.
HTH,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
yep. that one's snook in already hasn't it. They should put a full 26 digit timestamp on that thing. 100k then 25k now 250k... Like being on a roller coaster ride isn't it.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
