INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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2016 Lovell Consulting Capital Allowances Art Prize Voting Begins

By : November 23, 2016 Comments Off on 2016 Lovell Consulting Capital Allowances Art Prize Voting Begins

Lovell Consulting are pleased to announce the shortlist for the 2016 Lovell Consulting Art Prize. The shortlisted artists are Joonhong Min and Mary Wintour. Clients and contacts of Lovell Consulting will now determine the winner of the Lovell Consulting Art Prize – voting will close on December 18, 2016. The winner’s artwork will be acquired into […]

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Capital Allowances in the Retail Sector

By : November 9, 2016 Comments Off on Capital Allowances in the Retail Sector

Retail sector owners are often overlooking substantial tax allowances.  This happens because their accountants and tax advisors may only pick up simple & obvious plant and machinery (P&M) items, such as chairs, tables, shop display and fittings. When fitting out or refurbishing a retail unit, the construction expenditure is generally not very well detailed for capital […]

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Free Cash, Tax Savings & Capital Allowances for SMEs Going Green

By : October 18, 2016 Comments Off on Free Cash, Tax Savings & Capital Allowances for SMEs Going Green

‘Free’ £10,000 and extra tax savings for SMEs investing in green technologies In the current economic climate, a significant external pressure on UK businesses is to reduce their “carbon footprint”. While implementation of new processes and sustainable equipment may be easier for large organisations with bigger budgets, Small and Medium Sized Enterprises (SMEs) may struggle […]

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Student Accommodation & Capital Allowances

By : October 4, 2016 Comments Off on Student Accommodation & Capital Allowances

Capital allowances and contaminated land can have a significant impact on the financial viability of student accommodation projects. Lovell Consulting are actively involved in several student accommodation projects. This note sets out the key capital allowances planning points. Site Acquisitions potential tax allowances Where a site is purchased with existing buildings may contain plant and […]

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Lovell Consulting Capital Allowances Student Prize Winner 2016

By : September 28, 2016 Comments Off on Lovell Consulting Capital Allowances Student Prize Winner 2016

Each year Lovell Consulting awards a prize of £1000 to an outstanding quantity surveying student at the University of Reading. The annual graduation celebration for the School of Construction Management and Engineering took place on Friday 8th July, and Lovell Consulting are pleased to announce the winner of the Lovell Prize 2016 is Blake Hogben.

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Capital Allowances within Offices

By : September 14, 2016 Comments Off on Capital Allowances within Offices

Both owners and occupiers of office buildings can claim substantial capital allowances but this opportunity is often missed. This can be due to confusion over the recent April 2014 capital allowances rules changes or because non-specialist solicitors, accountants and tax advisors do not recognise the full potential of available allowances. Frequently, construction cost information can […]

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Capital Allowances & Data Centres

By : July 25, 2016 Comments Off on Capital Allowances & Data Centres

Substantial capital allowances are available on the construction of data centres.   Up to 90% of expenditure on new build date centres, or higher, can potentially qualify for capital allowances.   The reason for this high level of allowances is that the buildings are normally quite simple enclosures containing vast amounts of mechanical and electrical plant. Types […]

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Claiming Capital Allowances and / or Repairs

By : July 6, 2016 Comments Off on Claiming Capital Allowances and / or Repairs

As acknowledged in HMRC’s Capital v Revenue Expenditure Toolkit, ‘there is no single, simple test that can be applied to decide which items are capital expenditure and which are revenue’ Differentiating between capital and revenue expenditure can be complex and in the absence of any definitive direction from HMRC, consideration has to be given to […]

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Commercial Property Standard Enquiries: Capital Allowances

By : June 30, 2016 Comments Off on Commercial Property Standard Enquiries: Capital Allowances

Following on from the April 2014 changes to the Capital Allowances fixtures legislation, there is now more of a requirement for careful planning and technical due diligence to ensure Capital Allowances are not lost to Buyers of commercial property. Buyers are increasingly reliant on the answers they receive to the Commercial Property Standard Enquiries (CPSE) […]

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