Agreement for lease clause: UK capital allowances on landlord’s contribution (CAA 2001—tenant’s works, plant/special rate plant, and structures and buildings allowances)

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Precedents

1 Capital allowances

1.1 In this clause 1:

CAA 2001 denotes the Capital Allowances Act 2001.
Plant or Machinery refers to items within the Tenant’s Works that qualify as plant or machinery for the purposes of Part 2 of CAA 2001.
Landlord’s Contribution is £[ insert figure ] plus VAT (if any).
SBA Assets describes those elements of the Tenant’s Works where the expenditure qualifies for structures and buildings allowances under Part 2A of CAA 2001.
Special Rate Plant means Plant or Machinery for which the spend would be treated as special rate expenditure under CAA 2001, s 104A.
Tenant’s Works means the Tenant’s [ fitting out works ] to be carried out at the...

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Steven Bone

Gateley Legal

Steven is a tax-qualified chartered surveyor. He has specialised in capital allowances for more than 25 years, and more recently land remediation relief and R&D tax incentives. In his role as director at Gateley Capitus, Steven works with businesses that are buying, building or refurbishing commercial property, cleaning-up contaminated land and buildings or undertaking R&D activity to help them pay the right amount of tax by optimising the tax reliefs available to them.Prior to joining Gateley Capitus, Steven held senior roles in the Big 4, specialist boutique and national mid-tier accountancy firms. He is a fellow of the Royal Institution of Chartered Surveyors (RICS) and the Association of Taxation Technicians.Alongside daily practice, Steven is a tax incentives writer and speaker for property investment and innovation activity. ...

Web page updated on 22/05/2026

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