INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Capital Allowances within Commercial Sale and Purchase Contracts

By : December 19, 2017 Comments Off on Capital Allowances within Commercial Sale and Purchase Contracts

The benefits and importance of capital allowances in commercial sales and purchases has been well publicised, but did you know the relief also needs to be considered in some residential and landlord and tenant matters? Sophie Raniwala explains Tax has never been more political. As tax schemes become less palatable, capital allowances become even more attractive, providing […]

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OTS Review on Capital Allowances and Accounts Depreciation

By : October 12, 2017 Comments Off on OTS Review on Capital Allowances and Accounts Depreciation

John Lovell is interviewed by Lexis Nexis: 4 October 2017 First published by Lexis Nexis John Lovell, Managing Director at capital allowances specialists Lovell Consulting, outlines the recent review by the Office of Tax Simplification (OTS) regarding replacing capital allowances with accounts depreciation. He explains that while there are arguments for and against, it’s unclear […]

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Pension Funds and Capital Allowances Interactions

By : May 18, 2017 Comments Off on Pension Funds and Capital Allowances Interactions

There is a commonly held view that as UK pension funds are tax exempt they are unable to benefit from the tax savings arising from capital allowances.  For this reason capital allowances have generally been ignored by pension entities. There is also some confusion with property lawyers and advisors in this area and this article […]

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Lexis Nexis Webinar – Capital Allowances in 2017

By : May 9, 2017 Comments Off on Lexis Nexis Webinar – Capital Allowances in 2017

Capital allowances are a significant element of any commercial property transaction, and as such there is much about the subject that is of relevance in general practice. In this webinar, John Lovell and Kirsty Palacci will discuss many of these issues, providing lawyers and accountants without a specialism in real estate everything they might need […]

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Capital Allowances and Demountable Partitions; To Move or Not to Move?

By : March 21, 2017 Comments Off on Capital Allowances and Demountable Partitions; To Move or Not to Move?

It is no secret that claiming Capital Allowances on plant and machinery expenditure can be a complicated business. While claiming allowances on business equipment such as computers and chairs is straightforward, fully maximising a Capital Allowances claim on fit outs and property purchases is fraught with complexities. Even seemingly the most basic question doesn’t have […]

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Employees Claiming Capital Allowances: Caravan Case Demonstrates Hurdles!

By : March 8, 2017 Comments Off on Employees Claiming Capital Allowances: Caravan Case Demonstrates Hurdles!

While the majority of Capital Allowances claims are made for businesses and trades, it is also possible for employees to claim Capital Allowances on plant and machinery. A recent UK First Tier Tribunal (FTT) case highlights the complexities of such claims and the hurdles that have to be cleared in order for claims to be […]

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Capital Allowances, Corporation Tax Loss Relief & Interest Deductions – Act Now

By : March 1, 2017 Comments Off on Capital Allowances, Corporation Tax Loss Relief & Interest Deductions – Act Now

SERIOUS IMPLICATIONS FOR PRIVATE EQUITY BUSINESSES AND PROPERTY COMPANIES Capital allowances are available to companies when they incur expenditure on buying, building or refurbishing commercial property and the tax benefits can be significant.  It is a non-contentious way of reducing a tax bill but in our experience is frequently overlooked by companies – either due […]

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Corporation Tax Loss Relief & Interest Deductions: Capital Allowances

By : February 22, 2017 Comments Off on Corporation Tax Loss Relief & Interest Deductions: Capital Allowances

Capital allowances specialists Lovell Consulting are finding relatively few property companies and private equity businesses are alert to these fundamental changes which will apply from 1 April 2017, not least because the 90 pages of complex legislation was only published on 26 January 2017. John Lovell, MD of Lovell Consulting, advises clients need to be […]

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