2nd July’s edition of the Tax Journal includes an article by FCTC’s Peter Vaines examining the distinction for the purpose of capital allowances between plant and premises. Following the recent case of Immarsat Global Ltd v HMRC, Peter examines the fragmented and often contradictory case law in this area. The article considers the merits of the test used to make what is often a difficult distinction and which nevertheless holds huge consequences for the taxpayer. Addressing a relevant area in light of recent government changes to capital allowances, this is an interesting read that is well worth taking the time to enjoy. It can be found on the Tax Journal website by following this link and on the FCTC website here.