INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Blog image

Capital Allowances Case: Cheshire Cavity Storage 1 Limited & EDF Energy (Gas Storage Hole House) Limited v The Commissioners for HMRC

A recent case heard by the Upper Tier Tribunal (UTT) follows a trend of capital allowances claims being taken to Court where the disagreement between taxpayers and HMRC revolves around  what is deemed to be plant (and so qualifies for plant and machinery allowances) as opposed to premises (so does not). Cheshire Cavity Storage 1 […]

Read more
Blog image

Capital Allowances – Hotels, Hospitality & Offices – Live at Your Desk

This virtual classroom session aims to provide you with a good understanding of the key issues for claiming allowances on hotel properties and office buildings for the buying, selling, refurbishing and constructing of space based on case studies and examples of best practice including the recently introduced structures and buildings allowances. Find out how to […]

Read more
Blog image

Capital Allowances Case: Update on SSE Generation Limited v The Commissioners for HMRC

PLANT AND MACHINERY IN A CIVIL ENGINEERING CONTEXT       The long running dispute between the taxpayer (SSE Generation Limited) and HMRC in relation to what constitutes plant in the context of a hydroelectric power plant and civil engineering project has reached a conclusion in the Court of Appeal.  The case had previously been heard through […]

Read more
Blog image

Freeports & Capital Allowances – Boosting the Economy Through Investment

As part of an ongoing consultation process, HMRC is considering the creation of Freeports across the UK.  These Freeports will be located around air, sea and rail ports and will be governed by different customs and tariff status.   Local authorities, operators of ports, airports and rail, and businesses will bid to create a designated Freeport, […]

Read more
Blog image

Capital Allowances Fact Sheet – 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 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 be unhelpful and […]

Read more