US Edition
Meaning of “new and unused” clarified for CAs purposes
Summary by Galley & Tindle
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
All
Left
Center
Right
Meaning of “new and unused” clarified for CAs purposes
The guidance on what “new and unused” means for the purposes of first-year allowances has been updated in order to make things clearer. What’s the full story? HMRC’s guidance has been updated to make the capital allowances rules on qualifying expenditure for first-year allowances (FYAs) clearer. The 100% FYA for main rate expenditure (full expensing) and the 50% FYA for special rate expenditure can only be used if the plant and machinery is new …
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
