Plant
06/08/1997
Query
If a racecourse stand, which qualifies for capital allowances as plant, is leased can excess allowances be set against other income?
Decision
No. It appears such allowances are restricted by the provisions of Section 403(5) TCA 1997.
Income Tax
Section 403, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:GD95062