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 […]
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.
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 […]
Currently, as I write this blog in March 2012 many commercial property solicitors may well be unaware of the changes which are going to take effect in April 2012. The purpose of writing this particular blog is therefore to try and enlighten them as to these changes and the pitfalls, which may well include being […]
This blog brings me back to a favourite topic of accountants and their reluctance to engage with specialist capital allowances firms for the benefit of their clients who own commercial property. Having now worked with some of the top specialist capital allowances professionals for the past year and spoken or corresponded with accountants working at […]
Understanding the full scope of Plant & Machinery is important for capital allowances claims purposes. I was discussing capital allowances claims on commercial property yesterday and the person I was talking with clearly looked confused. I had been talking about the need to identify the plant and machinery values in a property. When I explained […]