Capital Allowances - PwC
Capital allowances. Qualifying expenditure (QE) QE includes: - cost of assets used in a business, such as plant and machinery, office equipment, furniture and fittings, motor vehicles, etc. W.e.f. YA 2021 “plant” is defined to mean an apparatus used by a person for carrying on his business but does not include a building, an intangible asset, or any asset used and functions as a place ...