Glossary
Plant and machinery
Plant and machinery is the category of assets on which most capital allowances are claimed. In a commercial property it covers the fixtures and systems that carry on the business rather than the bare building, including heating, air conditioning, wiring, lighting, sanitaryware, fitted kitchens, security and fire systems.
Worked example
In a hotel, the walls, floors and roof are the building and generally do not qualify. The boilers, radiators, hot and cold water system, lifts, wiring and fitted bathrooms are plant and machinery, and it is the value of those items that a capital allowances claim seeks to identify.
Related: What are capital allowances?
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