I have added a question mark to the title of this article because more and more commercial property owners have become aware of the tax advantages of making a capital allowances claim. A capital allowances claim may be made whether the commercial property is owned as an individual, partnership or company. Capital allowances protect profits […]
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.
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 […]
The answer to the above question is yes Furnished Holiday Lets do attract capital allowances provided they meet the qualifying criteriat:- The owner must pay tax in the UK. The property must be let for a minimum of 70 days per year and available to let for 140 days per year The property must […]
The answer to this question is not altogether straight forward when looking at capital allowances and the potential for making a claim. HMRC issued a brief on 22nd October 2010 which limited the ability of many investors to make a worth while claim for capital allowances of Houses in Multiple Occupation (HMOs). Prior to this […]