This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Capital allowances: plant and machinery

If the assets which qualify for capital allowances are plant and machinery, there are two further provisions which need to be taken into account



  • the plant and machinery must be treated as a wasting asset, see CG15450
  • the plant and machinery is excluded from a rebasing election under TCGA92/S35 (5) by TCGA92/SCH3/PARA7, see CG16780+.