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? The reason for making this post is this is one question which does seem to be asked quite frequently judging by the number of internet searches that Google…

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…

Property Development & Refurbishment

Maximising Capital Allowances on Development / Refurbishment Historically much of our capital allowances claims work has been on the purchase of second hand property.  However we are being engaged more and more to maximise the…

Capital Allowances – Care & Nursing Homes

Capital Allowances Claims a must for Care & Nursing Home Owners In a previous blog post we pointed out how financially beneficial a capital allowances claim could be for Hotel owners. Much of the information…