Capital Allowances - Plant
26/08/1991
Query
Does the cost of a taxi plate qualify for capital allowances?.
Decision
The cost or value of the taxi licence plate represents both the actual licence plate itself, which is plant, and the right to trade, which is not. It is only the part of the cost which is attributable to the actual licence plate that qualifies for capital allowances as expenditure on the provision of machinery or plant. This will be a nominal amount.
Income Tax
Section 284, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT913025
25/02/1995
Query
Is a suspended ceiling which forms one side of an air conditioning plenum regarded as plant?.
Decision
It is the view of this Office that the ceiling is not apparatus used by the company for the carrying on of its business but functions primarily as part of the setting in which that business is carried on.
Income Tax
Section 284, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT953001A
28/02/1995
Query
Is a roller shutter fire door regarded as plant?.
Decision
The treatment of expenditure on fire safety equipment differs here from that in the U.K., where capital allowances are available for equipment purchased to comply with a notice served under the Fire Precautions Act, 1971. There is no similar tax legislation in this country. That the doors are part of the premises cannot be disputed. It is the view of this Office that they do not function as part of the plant with which the business is carried on, and are therefore no more than the setting.
Income Tax
Section 284, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT953001