There were some significant and surprisingly positive changes to capital allowances. Up until this Budget, Mr Hammond has been about as useful as a chocolate teapot for investment allowances. Assuming that the present Government remains in power and Finance Bill
Read moreClick here to read Lovell Consulting's Little Book of Big Capital Allowances Savings Tips Little Book of Savings To discuss any capital allowances queries contact us on 020 7329 1300
Read moreCapital allowances may be claimed in a variety of trades and entities. Often overlooked due to its tax status, there is a genuine interaction between REITS and capital allowances as explained below. Background Real Estate Investment Trusts (REITS) are tax
Read moreIntroduction Wind farms can be a lucrative source of income, but in order to make the most of this income it is important to protect the tax position by claiming capital allowances. A high percentage of wind turbine construction expenditure
Read moreDerelict or contaminated land can pose a dilemma to developers and investors alike as the cost of regenerating it can turn a financially viable project into an unviable one. However, savings are available from the Government keen to encourage the
Read moreIntroduction Hotels are abundant in qualifying items of plant and machinery (P&M) and repairs. In the vast majority of cases, the total allowances are not fully identified by either the in house accountants or external advisors. Why does this happen?
Read moreHMRC have recently updated their "Capital Allowances for Plant and Machinery Toolkit". This provides a helpful guide for completing the capital allowances section in self assessment and company tax returns. Capital Allowances toolkit To discuss any capital allowances queries contact
Read moreClients generally assume that their accountant or tax advisor deals with capital allowances. In fact some clients will ask their accountant if they claim allowances and they will respond that they claim all available allowances. However, as explained below, this
Read moreWhat is contaminated land? For the purposes of this tax relief it is where the land contains substances such as asbestos, Japanese Knotweed or sulphate resistant concrete which are causing harm or could possible cause harm, pollute or possibly pollute
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