Autumn Budget 2018 – Capital allowances on the cost of altering land for the purpose of installing plant and machinery

Capital allowances are available to businesses that incur expenditure in altering land to install qualifying plant and machinery.

Capital allowances will not be available to businesses who incur costs on altering land to install plant and machinery unless the plant and machinery being installed itself qualifies for capital allowances.

Businesses will not be able to claim capital allowances on alterations of land unless they are able to claim capital allowances on the related plant.