Ruling indicates Upper Tribunal’s “narrow approach” towards windfarm capital allowances –

Posted December 14th, 2023 in capital allowances, energy, news, statutory interpretation, taxation by sally

‘A ruling by the UK’s Upper Tribunal (UT) disallowing certain types of expenditure relating to windfarm projects from qualifying for plant and machinery tax allowances has indicated the tribunal’s “strict and narrow” interpretation of the provisions for qualifying expenditure.’

Full Story, 13th December 2023