Dental practices can claim substantial capital allowances but this opportunity is often missed or only partial allowances are claimed. We can work with you and your tax advisers to increase the available allowances.
Purchase of a Freehold
Capital allowances can offer significant tax relief for dental practices purchasing a freehold property. These allowances enable the practice to […]
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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 […]
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 […]
Read moreBenefits 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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