INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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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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Freeports & Capital Allowances – Boosting the Economy Through Investment

As part of an ongoing consultation process, HMRC is considering the creation of Freeports across the UK.  These Freeports will be located around air, sea and rail ports and will be governed by different customs and tariff status.   Local authorities, operators of ports, airports and rail, and businesses will bid to create a designated Freeport, […]

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Capital Allowances Fact Sheet – Offices

Both owners and occupiers of office buildings can claim substantial capital allowances but this opportunity is often missed. This can be due to confusion over the capital allowances rules changes or because non-specialist solicitors, accountants and tax advisors do not recognise the full potential of available allowances. Frequently, construction cost information can be unhelpful and […]

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Lovell Consulting Commentary on March 2020 Budget: Capital Allowances Changes

The Chancellor, Rishi Sunak’s ‘get it done’ approach did not really extend to capital allowances. There was a modest lift to Structures and Buildings Allowances.

The capital allowances changes are below:

The Structures and Buildings Allowances was introduced in Finance Act 2019 to encourage the construction of new or renovation of existing non-residential structures and buildings. […]

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Capital Allowances within Commercial Sale and Purchase Contracts

By : December 19, 2017 Comments Off on Capital Allowances within Commercial Sale and Purchase Contracts

The benefits and importance of capital allowances in commercial sales and purchases has been well publicised, but did you know the relief also needs to be considered in some residential and landlord and tenant matters? Sophie Raniwala explains

Tax has never been more political. As tax schemes become less palatable, capital allowances become even more attractive, providing a […]

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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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Summer Budget 2015: Property Tax Updates & Impact for Capital Allowances

By : July 9, 2015 Comments Off on Summer Budget 2015: Property Tax Updates & Impact for Capital Allowances

SUMMER BUDGET 2015

The Summer Budget on 8 July 2015 announced a number of capital allowances and property tax changes;

Annual Investment Allowance

The government will increase the permanent level of the AIA from £25,000 to £200,000 for all qualifying investment in plant and machinery made on or after 1 January 2016.

Enterprise Zones

There will be a bidding […]

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