Are capital allowances British business's biggest tax break?
Are you making the most of your tax allowances? Jeanette Edmiston explains how small businesses could be saving money through their fixtures and fittings.
The definition of qualifying expenditure has been stretched to include bowling alleys, fish tanks, zoo cages and artwork. Photograph: Linda Nylind ... Read More
Don't get in a fix
Jeanette Edmiston and Ross McNaughton discuss the effect of the changes to the rules relating to the claims for fixtures on newly acquired buildings
In the past the tax department were often the last know about what their clients had been doing over the previous year and it ... Read More
Business owners miss plant tax breaks
Many businesses that have bought their own commercial property are missing out on generous tax breaks available under the capital allowance rules – because they do not know how many items qualify, experts claim.
Portal Tax Claims, which specialises in advising companies about capital allowances, said that most of its clients ... Read More
Members who own commercial property, including HMO’s, could be in line for substantial tax benefits from unclaimed capital allowances within their properties. They are a legal entitlement and claiming them could considerably reduce their tax liability and may even result in a refund from HMRC.
The government has introduced new rules on ... Read More
The new rules on capital allowances in commercial property are now in effect with the passing of the 2012 Finance bill. These rules will greatly affect commercial property owners, leaseholders and importantly, their lawyers.
The central change is the introduction of mandatory pooling of capital allowances at point of sale, which is ... Read More
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