Capital Allowances: Demolition Costs
The costs of demolition may qualify for capital allowances in accordance with Section 26 CAA2001. No capital allowances are available for the costs relating to demolishing building structure, i.e. concrete, steelwork. However the costs relate to demolishing plant and machinery is deemed to be qualifying for capital allowances. The costs of the demolition of plant and machinery is allocated to the appropriate pool, i.e. general pool and special rate pool.