CA23785 | Plant & Machinery Allowances (PMA): Long-life assets: Historic agreement about greenhouses

Some time ago, an agreement was made with the NFU that sophisticated glasshouses of the kind that qualify for PMAs CA22090 were unlikely to be long-life assets. This agreement only applied in relation to expenditure incurred up to 31 December 2005. HMRC’s expectation when entering into the agreement was that as a result of technological advances glasshouses constructed in the future might have longer useful economic lives. In relation to expenditure incurred after 31 December 2005, you should deal with each case on its particular facts.