Taxation

Capital allowances

Cheshire Cavity Storage 1 Ltd and another v Commissioners of HM Revenue & Customs

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  • Court of Appeal (Civil Division)
  • 10 March 2022
  • Lewison, Baker and Whipple LJJ
  • [2022] EWCA Civ 305
  • [2022] EGLR 20
Taxation – Capital Allowances – Storage cavities – Appellants claiming capital allowances for cost of creating gas storage cavities – Respondent commissioners rejecting claim – First-tier Tribunal (FTT) holding expenditure not qualifying for capital allowances – Upper Tribunal upholding decision
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