Buyer Beware Over the past few years there has been a steady increase in firms offering capital allowances claims services in respect of commercial property expenditure. Given the wide variety of suppliers it is therefore…
Serviced Accommodation – Does it Qualify for Capital Allowances? In recent years there has been a steep increase in the purchase of property labelled as “Service Accommodation”. This has also been accompanied by a number…
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.…
Webinar on Capital Allowances – Structures & Buildings Allowances – the Super Deduction We recently gave a presentation over Zoom to a large firm of accountants and tax advisers which covered capital allowances claims, the…
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…
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,…
(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…
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…
The information in this blog is based on guidance taken from the HMRC’s website. However the reason that we are interested in talking to Furnished Holiday Let (FHL) owners is that in most cases they…
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…