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Plant and Machinery

The apparatus or equipment which is used for the purpose of making a profit within a given trade. This does not include the premises in which the trade takes place, or the goods which are processed or sold, such as raw materials and stock. It does include machinery used in a factory, display counters in a shop, cars, lorries and vans used for business purposes by the employer and your employees. The cost of plant and machinery is not tax deductible, but is claimed separately under capital allowances.