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FTT decides that quay wall qualifies for capital allowances (The Mersey Docks and Harbour Company Ltd v HMRC)

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Published on: 13 January 2025
Published by a LexisNexis Tax expert

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Article summary

Tax analysis: In The Mersey Docks and Harbour Company Ltd v HMRC [2024] UKFTT 1163 (TC) (23 December 2024), the First-tier Tax Tribunal (FTT) allowed the taxpayer’s claim for plant and machinery allowances for expenditure on constructing a quay wall as part of the development of a new port terminal in Liverpool.

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Jurisdiction(s):
United Kingdom

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