CA20010 - Plant and Machinery Allowances (PMA): introduction: qualifying activities

CAA01/S15

In order to qualify for PMA, a taxpayer must incur capital expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity carried on by the taxpayer.

The qualifying activities for PMA are:

• trade;
• an ordinary UK property business;
• a UK furnished holiday letting business;
• an ordinary overseas property business;
• an EEA furnished holiday lettings business
• profession or vocation;
• mine, quarry or canal or other concern giving rise to profits from land charged to tax as a trade under ITTOIA/S12 (4) or S39 (4) CTA 2009
• management of an investment company;
• special leasing business;
• employment or office.