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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.3 Plant and machinery /Long funding leases of plant and machinery / B3.340ZA Long funding leases of plant and machinery—background plant or machinery
Commentary

B3.340ZA Long funding leases of plant and machinery—background plant or machinery


Business tax

Leases of background plant or machinery for a building cannot be long funding leases1.

The Treasury has made an Order2 which contains lists.

List A contains prescribed examples of the kinds of plant or machinery that may be regarded as falling within the definition of background plant or machinery for a building3:

  1. Ìý

    •ÌýÌýÌýÌý Heating and air conditioning installations

  2. Ìý

    •ÌýÌýÌýÌý Ceilings which are part of an air conditioning system

  3. Ìý

    •ÌýÌýÌýÌý Hot water installations

  4. Ìý

    •ÌýÌýÌýÌý Electrical installations

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Web page updated on 17 Mar 2025 16:31