INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Lexis Nexis Webinar – Capital Allowances 2021

In this webinar, specialist speakers John Lovell and Kirsty Palacci will provide a masterclass in capital allowances.

The Webinar will cover:

Capital allowances in contextChanges in the 2021 BudgetSuper capital allowancesConstruction/Expenditure ClaimsPurchased Properties ClaimsFreeportsCommon misconceptionsStructures and Buildings Allowance

To view the preview video and subscribe to Lexis Nexis Webinars please click here

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Brought back down to Earth – Capital Allowances denied on satellite launch costs

Overview

The First-tier Tribunal (FTT) and Upper Tribunal (UT) both found in favour of HMRC in denying Inmarsat Global Limited capital allowances on the launch costs of six leased satellites during the 1990s. Inmarsat had succeeded the trade of The International Maritime Satellite Organisation (IMSO), who had initially incurred the launch costs. Inmarsat deemed a sale […]

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Super Deductions – Full Relaxation for Property Companies

Great news for Property companies.

Super capital allowances have been extended to Property companies. A late amendment was issued to Finance Bill 2021  as link below. This is positive as they were previously going to be denied allowances apart from to shared communal areas. It arises from an amendment to Finance Bill 2021. It removes the […]

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Capital Allowances Case: Cheshire Cavity Storage 1 Limited & EDF Energy (Gas Storage Hole House) Limited v The Commissioners for HMRC

A recent case heard by the Upper Tier Tribunal (UTT) follows a trend of capital allowances claims being taken to Court where the disagreement between taxpayers and HMRC revolves around  what is deemed to be plant (and so qualifies for plant and machinery allowances) as opposed to premises (so does not).

Cheshire Cavity Storage 1 Limited […]

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Super Capital Allowances Changes Budget 2021

The Chancellor, Rishi Sunak’s budget announcement should help turbo-charge capital investments in the UK with new super capital allowances costed at £29bn over the next 4 years. The extension of loss relief carry-back to 3 years is also positive and makes claiming capital allowances a potent tool in reducing corporation tax and triggering repayments of […]

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Capital Allowances – Hotels, Hospitality & Offices – Live at Your Desk

This virtual classroom session aims to provide you with a good understanding of the key issues for claiming allowances on hotel properties and office buildings for the buying, selling, refurbishing and constructing of space based on case studies and examples of best practice including the recently introduced structures and buildings allowances.

Find out how to maximise […]

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