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 ...

From this week the annual investment allowance (AIA) will reduce to £25,000 per annum for all businesses incurring expenditure on plant or machinery. The measure will have effect from 1 April for businesses liable to pay corporation tax, and 6 April 2012 for businesses within the charge to income tax. This means that ...

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 ...

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 ...