Are capital allowances available on the purchase and fitting of doors? One of the useful things about studying “Google Analytics” for your website is that it does let you know what questions potential clients are looking for when searching the internet for answers. One question which appears to be regularly asked is whether doors attract [...]
I have added a question mark to the title of this article because more and more commercial property owners have become aware of the tax advantages of making a capital allowances claim. A capital allowances claim may be made whether the commercial property is owned as an individual, partnership or company. Capital allowances protect profits [...]
Currently, as I write this blog in March 2012 many commercial property solicitors may well be unaware of the changes which are going to take effect in April 2012. The purpose of writing this particular blog is therefore to try and enlighten them as to these changes and the pitfalls, which may well include being [...]
On December 6th 2011 draft clauses for the Finance Bill 2012 were published. Some of these draft clauses relate to capital allowances legislation and therefore the rules which must be applied when making claims in relation to capital expenditure on commercial property. ‘Historic’ Purchases Prior to April 2012 The good news is that for commercial property [...]
HMRC’s Consultation on Proposed Changes to the HMRC legislation. We look at the HMRC consultation process which concludes on 31st August 2011 to predict what changes may come into effect for capital allowances claims at the start of the next tax year. The main issue On 31 May 2011 HM Revenue & Customs (‘HMRC’) issued [...]
