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Radical changes set for capital allowances system

April 20, 2012 at Press

Radical changes set for capital allowances system Jeanette Edmiston warns that legislation in the Finance Bill will bring radical changes to the capital allowances system - and the industry needs to be ready The Finance Bill 2012 contained the final legislation which will bring sweeping changes to the way the capital allowances system for tax relief on plant and machinery operates. This ... Read More

Capital allowances: a gift to small businesses

April 4, 2012 at Press

Capital allowances: a gift to small businesses While many businesses claim capital allowances on items such as computers and cars, not many are aware of the huge tax savings that can be made in claiming on other ‘plant and machinery’ items that are embedded in their property. Most commentators agree that over 90% of commercial properties in the UK have untapped ... Read More

Small Business Tax & Finance Article – Fixtures in Buildings

March 21, 2012 at Press

Small Business Tax & Finance Article – Fixtures in Buildings Isabel Shuter of Portal Tax Claims explains how the Finance Bill 2012 will affect capital allowance claims For anyone thinking of buying or selling a commercial property, the proposed new legislation on claiming capital allowances on the fixtures within such properties is an area that must be understood and complied with. Under the ... Read More

Just Fixing The Leak

September 3, 2011 at Press

Just Fixing The Leak [gallery link="file"] ... Read More

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Values Shown are not guaranteed and have been based upon assumptions including that you have paid tax over the last two years to at least the refund amount shown and assumes all assets are in the 20% main pool of allowances. Some assets may be in the 10% integral features pool which will lower the annual amount claimable, however the total benefit of the allowances remains the same. The amount claimed will depend upon your personal circumstances and are shown above for illustration purposes only.

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