Accountants need to be aware of the changes taking place from April 2014. The Finance Bill 2012 introduced new rules into the Capital Allowances Act which resulted in the addition of Sections 187A & 187B to Chapter 14 (Fixtures) of Part 2 (Plant & Machinery Allowances). Accountants need to understand how these changes will effect […]
Capital Allowances Claims on Commercial Property
Keep up to date with changes to the Capital Allowances legislation and the benefits of undertaking a claim on commercial property expenditure.
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 […]
Introduction I have worked with a lot of property developers, construction contractors and landlords in my time and VAT is one of those areas of tax where many are getting confused. That’s not to say it’s unexpected though. When it comes to VAT, properties are one of the more complex subject areas to understand the […]
What are Integral Features? The rules on integral features were introduced in April 2008. Integral features are classed within the Capital Allowances Act 2001 (CAA01) as Plant & Machinery (P&M) and as such attract capital allowances. CAA01 classes the following as an integral feature of a building or structure – an electrical system (including a […]
Is it still worth making a claim for capital allowances on a Furnished Holiday Let? In this blog we explore whether it is still worth making a claim for capital allowances on a furnished holiday let or lets (FHLs) in the European Economic Area (EEA) which includes the UK. If a claim is possible then […]