From April the rules changed for claiming capital allowances (CAs) on plant and machinery included in a building. Property buyers in particular need to take care or they could lose their right to
claim a tax deduction. What’s the full story?
Published 02.05.2012
If you buy an industrial or commercial building - whether to trade from yourself or let out - you should be able to claim Capital Allowances on plant and fixtures that are contained in it. How can
you make sure you don’t lose out?
Published 20.12.2007
A tribunal refused a company’s claim for capital allowances (CAs) on certain assets it bought during a takeover. For others it said the company’s calculations were unreasonable. What went wrong and
how can you avoid similar trouble?
Published 26.05.2015
Within limits, businesses are entitled to tax relief on equipment for the financial year in which they purchase it. However, purchases through HP and similar contracts are exceptions to this rule.
How can you ensure the earliest tax relief for these?
Published 27.06.2023
J D Wetherspoon’s battle over equipment installation costs has ended with the Taxman coming out on top. But it wasn’t all one way traffic. We spotted a couple of tax planning tips in the fine print.
What are they?
Published 05.03.2012
The annual investment allowance (AIA) allows you a tax deduction for the cost of equipment for the financial year in which it’s bought. But it doesn’t always apply, meaning tax relief takes decades.
How can you slash this timeframe?
Published 30.11.2022
The Taxman has just published his tax “toolkit” on capital allowances. It’s intended to help you avoid mistakes when preparing your accounts and tax return. How should you use it and does it actually
include any useful tips?
Published 26.05.2010
If you buy equipment for use in your business you’re entitled to claim a tax deduction for the cost. But who can claim the deduction if the equipment is shared by two or more businesses?
Published 03.12.2015
If your business is moving home, there are opportunities and risks regarding tax relief for equipment fixed to the new premises. Your accountant can take care of the HMRC side of things but what
steps should you take to ensure the right result?
Published 16.12.2021
If you own a residential property with multiple tenants, you might be missing out on tax deductions. Despite a recent tightening of the rules there’s still scope to claim capital allowances (CAs) and
a wear and tear deduction. What’s the full story?
Published 24.02.2012