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…
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 of these services…
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? 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…
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…
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 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…