Autumn Budget: Capital Allowances
New first-year allowance and main rate of writing-down allowances
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Realbuzz Group Ltd v HMRC [2025] UKFTT 493
Realbuzz Group Ltd v HMRC [2025] UKFTT 493 – What It Means for Capital Allowances
Although the recent First-tier Tribunal decision in Realbuzz Group Ltd v HMRC [2025] UKFTT 493 (TC) focused on Research and Development (R&D) tax relief, it highlights important points that could apply to other areas of tax relief. In particular capital […]
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VOA to Merge with HMRC
VOA to Merge with HMRC – What It Means for Capital Allowances
On 28 April 2025, the UK Government announced that the Valuation Office Agency (VOA) will be absorbed into HM Revenue & Customs (HMRC) by April 2026. This move is part of a broader effort to cut inefficiencies and modernise public services.
The VOA, historically […]
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Duddon Sands v HMRC (Gunfleet Sands)
Landmark Capital Allowances Case: Orsted West of Duddon Sands v HMRC (Gunfleet Sands)
A recent Court of Appeal ruling in Orsted West of Duddon Sands v HMRC has significant implications for businesses claiming capital allowances, particularly in the infrastructure and renewable energy sectors. The case revolved around whether preliminary studies and surveys carried out before […]
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Capital Allowances – Construction of Quay Walls
First Tier Tribunal Decision – Capital Allowances tax case regarding the construction of Quay Walls
The First Tier Tribunal (FTT) has published its decision on the case of The Mersey Docks and Harbour Company Limited (Mersey Docks) V HMRC.
It concluded that the expenditure incurred on the construction of the quay wall in this instance did […]
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Capital Allowances and Dental Practices
Dental practices can claim substantial capital allowances but this opportunity is often missed or only partial allowances are claimed. We can work with you and your tax advisers to increase the available allowances.
Purchase of a Freehold
Capital allowances can offer significant tax relief for dental practices purchasing a freehold property. These allowances enable the practice to […]
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Abolition of Furnished Holiday Lettings
Legislation has been published for the abolition of capital allowances on commercially let furnished holiday accommodation (FHL). Anyone owning an FHL in the UK or EEA who has not claimed capital allowances may be able to claim considerable tax benefits if they act now.
The legislation will be introduced in the next Finance Bill and will […]
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Capital Allowances Summary
CRC V Altrad Services Ltd and Robert Wiseman and Sons Ltd, Court of Appeal, 28 June 2024
The Court of Appeal’s decision on 28 June 2024, in the case of CRC v. Altrad Services Ltd and Robert Wiseman and Sons Ltd, involved the application of capital allowances in the context of tax law. Here are the […]
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Capital Allowances Update Webinar Recording
Lovell Consulting’s complimentary capital allowances update webinar outlines tax savings available by reviewing current and historical construction expenditure and commercial property purchases. To watch the recording click here.
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Transitioning Rules from Super Deductions to Full Expensing
By : Julie Davies
June 4, 2024
No Comments on Transitioning Rules from Super Deductions to Full Expensing
Transitioning Rules from Super Deductions to Full Expensing – Accounting Periods Straddling 31 March 2023
The 2 year window for claiming the 130% Super Deduction for general rate plant and machinery expired on the 31 March 2023 and was replaced by 100% Full Expensing.
Companies finalising their tax returns that do not have a 31 March 2023 […]
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