This session is designed for accountants needing a refresher on capital allowances. It will cover all aspects of the topic which often causes issues with advisers. Topics covered will include (subject to any recent announcements):

• Capital v revenue: are we thinking about capital allowances at all, or can we claim a deduction for the costs
• The definition of plant and machinery: including a review of recent case law
• Computational issues to include grant funded assets and first year allowances/annual investment allowances
• Plant and machinery in buildings: Integral features and the process of sale including interaction with s198 claims
• Structures and buildings allowance
• Interaction with CGT