Capital Allowances Case Update – The Granleys
A recent capital allowances decision highlights the importance of establishing the tax history for purchased properties The Granleys v Commissioners for HMRC (TC01231). It also demonstrates the need to use capital allowances specialists with experience in both tax and surveying.
Background
The Granleys, a partnership, acquired a care home in December 2003 for £650,001.
Within […]