JCB Finance has praised the temporary doubling of tax relief on
plant purchases over £50,000 (€57,000) announced in last month’s
Budget, despite confirmation from HMRC that the move will not
benefit hire companies offering self-drive equipment, which form
the greater part of the plant hire market.
Head of marketing Nigel Greenaway said that, despite the
clarification on self-drive purchases, the tax relief would still
bring good fortune to companies offering a mixture of operated and
self-drive hire services.
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“HM Revenue told us that where the plant is expected to be mixed
hire (with and without operatives), provided the hire is
predominately with operatives, then all the expenditure should
qualify for the temporary first year allowances,” he said.
Fred Crawley
