Is it plant?January 4, 2011 It is often difficult to determine whether assets qualify as plant and hence the cost is deductible for tax purposes, or if the assets have become part of a building, when in general the cost will not be tax deductible. A decision must always be made on the particular facts relating to your business. If this is proving to be a headache for you why not discuss it with one of our tax experts. Whether an asset is plant |
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