Capital Allowances and Leasehold Improvements

Good News for Leaseholders People often ask us if a tenant may claim capital allowances on leasehold improvements. The answer is tenants are able to claim capital allowances where the expenditure is capital in nature.…

Capital Allowances Budget 2021 – Super Deduction

Companies who are making significant capital investment over the next two years received a welcome boost from the budget. The budget introduced a new super-deduction of 130% for qualifying capital expenditure. The Chancellor explained a…

Structures & Buildings Allowance (SBA) Update

Since the introduction of the Structures and Buildings Allowance (SBA) from 29 October 2018, taxpayers and advisers have been waiting for HMRC’s guidance. HMRC’s recent guidance has clarified a number of issues, but not all,…

Structures & Buildings Allowance (SBA)

(For full details of the SBA see HMRCs technical note dated 29th October 2018 available here)  Please also note there has been additional consultation on these new allowances and the final legislation will not be in…

Capital Allowances & Guest Houses

We suspect that Guest House and Bed & Breakfast owners are one of those groups who have generally failed to investigate making a capital allowances claim on the acquisition of their property. Claiming capital allowances…

Capital Allowances & Carpets

Do Carpets Qualify for Capital Allowances Purposes? One question which does seem to be asked quite frequently is whether you can claim capital allowances on carpets. HMRC normally accepts both carpets and linoleum qualify for…

Section 198 (S198) Tax Election Template

Free Section 198 Election Template for Download The statistics from our website show many people are searching for a CAA2001 Section 198 (S198) Tax Election Template so we have provided one here which may be…