INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Structures and Buildings Allowances – Update

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 an
overall response to the consultation published in May 2019.

Once finalised, it will be introduced as a Statutory
Instrument and the […]

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Lovell Consulting Commentary on November 2018 Budget: Capital Allowances Changes

By : November 19, 2018 Comments Off on Lovell Consulting Commentary on November 2018 Budget: Capital Allowances Changes

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 2019 is enacted there will be some positive outcomes for capital investment in the UK.

The […]

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Enterprise Zones & Capital Allowances

By : December 9, 2015 Comments Off on Enterprise Zones & Capital Allowances

Enterprise Zones were reintroduced in 2012 to encourage economic growth and investment.

Businesses basing themselves on Enterprise Zones can access a number of benefits:

Up to 100% business rate discount worth up to £275,000 per business over a 5 year period

Simplified local authority planning

Government support to ensure that superfast broadband is rolled out throughout the zone, and, […]

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Little Book of Big Capital Allowances Savings

By : September 24, 2015 Comments Off on Little Book of Big Capital Allowances Savings

Click 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

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Real Estate Investment Trusts: Get The REIT Advice on Capital Allowances

By : September 23, 2015 Comments Off on Real Estate Investment Trusts: Get The REIT Advice on Capital Allowances

Capital 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 efficient property investment companies. They were first introduced to the UK in 2007.

The main benefit of having […]

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The Benefits of Claiming Annual Investment Allowances

By : July 7, 2015 Comments Off on The Benefits of Claiming Annual Investment Allowances

Benefits of Claiming Annual Investment Allowances

The Government has tried to incentivise business to accelerate investment in plant and machinery.  It has done this by introducing an Annual Investment Allowance (AIA).  Capital allowances are normally given over time.  The AIA enables all the allowances to be accelerated in 1 year, up to an AIA annual limit.  […]

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Capital Allowances Case Summary – LLPs and AIA

By : September 26, 2014 Comments Off on Capital Allowances Case Summary – LLPs and AIA

Tax Case Summary: Drilling Global Consultant LLP v HMRC [2014]

Release Date: 11 September 2014

Overview

Whether an LLP, whose members are an individual and a limited company is a qualifying person entitled to claim the annual investment allowance (AIA)  within the meaning of s38A(3)of CAA2001.

It was held by the First-Tier Tax Tribunal that a mixed LLP, […]

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