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Appeal allowed in part in recent tax tribunal case regarding Capital Allowances

Posted: September 5, 2018

A complex recent tax case to the First Tier Tribunal has found partially in the tax payers favour. The case involved construction of a hydro-electric power facility near Loch Ness. The total cost of the scheme was around £300 million – the taxpayer claimed £260 million qualified for Capital Allowances. HMRC accepted that £34 million qualified but the balance of £227 million remained in dispute. The tribunal found partially in the tax payers favour – but given the amounts involved an appeal to a higher tribunal is likely.

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