INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Capital Allowances Case Summary – LLPs and AIA

By : September 26, 2014 Comments Off on Capital Allowances Case Summary – LLPs and AIA

Tax Case Summary: Drilling Global Consultant LLP v HMRC [2014]

Release Date: 11 September 2014

Overview

Whether an LLP, whose members are an individual and a limited company is a qualifying person entitled to claim the annual investment allowance (AIA)  within the meaning of s38A(3)of CAA2001.

It was held by the First-Tier Tax Tribunal that a mixed LLP, […]

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Capital Allowances Case Update – The Granleys

By : February 14, 2014 Comments Off on Capital Allowances Case Update – The Granleys

A recent capital allowances decision highlights the importance of establishing the tax history for purchased properties The Granleys v Commissioners for HMRC (TC01231). It also demonstrates the need to use capital allowances specialists with experience in both tax and surveying.

Background

The Granleys, a partnership, acquired a care home in December 2003 for £650,001.
Within […]

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Capital Allowances on Furnished Holiday Lets

By : February 14, 2014 Comments Off on Capital Allowances on Furnished Holiday Lets

DREAM TAX BREAKS

Your holiday home in Europe may qualify for substantial tax repayments.

Leading real estate tax specialists Lovell Consulting explains.

Few property owners are aware of this generous treatment for new and second hand residential properties.
If you have bought a furnished residential property anywhere in the European Economic Area in the last ten years or […]

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