Fixed plant (ARCHIVED)

The term 'fixed plant' is widely used, especially in the context of accounting, taxation and rating. However, it is not easily defined and frequently means different things to different people. It is important to be clear about the distinction between plant, fixed plant, fixtures and chattels, as it has vital implications in property sales, leases, mortgages, taxation and rating.

This information paper therefore provides advice on the effect of English law in this sometimes muddled area. It provides definitions and examples of the various terms.

This document is no longer current but can be referred to as information. If you have trouble accessing it please contact our library.