UPPER TIER TRIBUNAL TAX CHAMBER There have been a run of cases heard before the courts relating to civil and structural works, with debate about what constitutes a structure as opposed to plant. In August 2019, the FTT heard The
Read moreCHESHIRE CAVITY STORAGE 1 LIMITED and EDF ENERGY (GAS STORAGE HOLE HOUSE) LIMITED V HMRC [2019] FIRST TIER TRIBUNAL TAX CHAMBER (FTT) Background Both appellants were companies in the EDF Energy PLC Corporate Group and they operate gas storage facilities
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Capital Allowances - Keeping track of accounts coded Furniture, Fixtures and Equipment expenditure - Be careful! Typically, Accountants recognise the potential to claim allowances on accounts coded Furniture, Fixtures and Equipment (FF&E). This is normally for directly paid invoices for
Read moreHORA TEVFIK V THE COMMISSIONERS FOR HER MAJESTY’S REVENUE & CUSTOMS FIRST TIER TRIBUNAL TAX CHAMBER (FTT) Claiming capital allowances on Homes of Multi Occupancy (HMO) has long been a hot potato, with confusion surrounding what is deemed to be
Read moreFurther to our article titled ‘The Lazarus Impact – Making very Late Capital Allowances Claims’ where the First Tier Tax Tribunal allowed a pub company (the taxpayer) to file a very late capital allowances claim. HMRC appealed the First Tier
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Each year Lovell Consulting awards a prize of £1000 to an outstanding quantity surveying student at the University of Reading. Lovell Consulting are pleased to announce the winner of the Lovell Prize 2019 is James Anderson.
Read moreLONDON LUTON HOTEL BPRA PROPERTY FUND LLP V THE COMMISSIONERS FOR HMRC FIRST TIER TRIBUNAL TAX CHAMBER This is a significant case heard by the First Tier Tribunal (FTT) concerning a BPRA claim and the definition of qualifying expenditure ‘on
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Following the announcement in October 2018 of the introduction of a new capital allowance for expenditure incurred on non-residential structures and buildings (SBA), HMRC have now published detailed secondary legislation for consultation. Comments are invited by 24th April 2019, with
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