Capital Allowance: Is Acoustic Ceilings and Electrical Installations a Plant?
Imperial Chemical Industries of Australia and New Zealand ltd. v. Federal Commissioner of Taxation 25 march 1970 Imperial Chemical Industries (Australasia) Ltd was formed in 1928 as an Australian subsidiary of the British chemical company ICI Ltd. And was renamed Imperial Chemical Industries of Australia and New Zealand Limited (ICIANZ) in 1929. The taxpayer claimed […]
Capital Allowance: Is Book a Plant?
Daphne v Shaw (HMIT) 11 TC 256 England & Wales 9 November 1926 The Appellant, a solicitor, claimed a deduction under Rules 6 and 7 of the Rules applicable to Cases I and II of Schedule D regarding wear and tear and obsolescence of books forming part of his law library. Held that the books […]
Back to Basic: The Capital Allowance in Malaysia, Is Horse a Plant?
It is no secret that claiming Capital Allowances on plant and machinery expenditure can be a complicated business. While claiming allowances on business equipment such as motor vehicles, computers, tables, and chairs is straightforward, fully maximising a Capital Allowances claim on renovation and property purchases is fraught with complexities. Even the most basic question doesn’t […]
