INDEPENDENT CAPITAL ALLOWANCES VALUERS

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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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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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Capital Allowances Tax Case Regarding Camping Pods

First Tier Tribunal Decision – Capital Allowances Tax Case Regarding Camping Pods

The First Tier Tribunal (FTT) has published its decision on the case of Acorn Venture Limited v HMRC [2023] UKFTT 995 (TC).

It concluded that camping pods used by school children as part of school residential adventure holidays did qualify as plant and machinery allowances.  […]

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