https://www.taxtmi.com/caselaws?id=190673 Capital allowances for fixtures turned on whether equipment fixed to land could still be treated as belonging to finance companies where they retained contractual rights to rent, repossession, severance and return. The analysis distinguished between fixtures on local authority land, where those rights supported ownership for allowance purposes, and central heating installed in occupied council houses, where tenants' legal estates prevented effective enforcement of the financiers' rights and the equipment was treated as no longer belonging to them. The discussion also addresses the transitional rules in the Finance Act 1985, concluding that Schedule 17 did not preserve allowances for the disputed heating expenditure. en-us Thu, 27 Jan 1994 00:00:00 +0530 Tue, 21 Feb 2017 18:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190673 Capital allowances for fixtures turned on whether equipment fixed to land could still be treated as belonging to finance companies where they retained contractual rights to rent, repossession, severance and return. The analysis distinguished between fixtures on local authority land, where those rights supported ownership for allowance purposes, and central heating installed in occupied council houses, where tenants' legal estates prevented effective enforcement of the financiers' rights and the equipment was treated as no longer belonging to them. The discussion also addresses the transitional rules in the Finance Act 1985, concluding that Schedule 17 did not preserve allowances for the disputed heating expenditure. Case-Laws Income Tax Thu, 27 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190673