INDEPENDENT CAPITAL ALLOWANCES VALUERS

Capital Allowances and Demountable Partitions | Lovell Consulting

By : March 21, 2017 Comments Off on Capital Allowances and Demountable Partitions | Lovell Consulting

Capital Allowances and Demountable Partitions: To Move or Not to Move
What Are Capital Allowances?

Capital allowances are a form of tax relief that allow businesses and property owners to deduct the cost of qualifying capital expenditure from their taxable profits.
In commercial property, they matter because a significant part of a purchase, refurbishment or fit out can […]

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Capital Allowances Case Summary: Bowerswood House Retirement Home

By : April 20, 2015 Comments Off on Capital Allowances Case Summary: Bowerswood House Retirement Home

Capital Allowances Case Summary: Bowerswood House Retirement Home v HMRC [2015]

Release Date: 26 January 2015

Overview 

Whether a swimming pool enclosure is plant and the appropriate basis of apportioning the purchase price to qualifying plant and machinery for capital allowances purposes.

The FTT found the enclosure was not plant. They also found the apportionment formula is a […]

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