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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Legislation has been published for the abolition of capital allowances on commercially let furnished holiday accommodation (FHL). Anyone owning an FHL in the UK or EEA who has not claimed capital allowances may be able to claim considerable tax benefits if they act now.
The legislation will be introduced in the next Finance Bill and will […]
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Introduction
The session will cover the new 100% full expensing and 130% super deduction and include examples and guidance as set out in the HMRC Capital Allowances Manual.
Furthermore, there will be a recap on the significant changes to the capital allowances regime since April 2014 in relation to buying and selling commercial properties. Without clear and […]
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Introduction
Never have capital allowances been so front and centre of the Government’s drive to encourage investment.
This webinar will outline the implications for capital allowances following the Finance Act 2024. This will include a focus on the 100% full expensing, 130% super deduction and the 50% first year allowance as well as the designated Freeports with […]
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Capital Allowances for Construction & Property Expenditure – Practical Guidance & Update
Introduction
Capital allowances have become a major driver in the UK’s recovery allowances and been so front and centre of the Government’s drive to encourage investment, particularly in light of higher 25% corporation tax.
This webinar will provide you with a better understanding of how to […]
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GUNFLEET SANDS LTD V HMRC [2023] UKUT 260(TCC) 26 OCTOBER 2023
The Upper Tribunal (UT) recently considered a case that earlier in the year had been heard before the First Tier Tribunal (FTT) – a case that involved the construction of offshore windfarms at various locations around the UK coastline for a taxpayer with a trade […]
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Rishi Sunak has announced a welcome extension of the Annual Investment Allowance (AIA). The Annual Investment Allowance was due to reduce from £1m to £200k from 1 January 2022. However, the £1m amount has now been extended until 31 March 2023.
In addition, the Freeport sites Humber, Teeside and Thames Freeport will be designed tax sites […]
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Recent Research and Development (R&D) Tax Case Implications for Capital Allowances Claims
Appeal Number: TC/2019/06690
Grazer Learning Limited appealed against HMRC for a tax credit enquiry amounting to £26,050 regarding expenditure incurred on R&D for the accounting period ending 31 October 2017. The £26,050 was initially accepted and paid to the Appellant on 6 June […]
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LONDON LUTON BPRA PROPERTY FUND LLP V THE COMMISSIONERS FOR HMRC
Following the decision reached by the First Tier Tribunal (FTT) that a significant amount of costs incurred by London Luton BPRA Property Fund LLP (Fund) to OVL (developer) ‘in connection with’ the conversion of a disused flight training centre into a hotel qualified for BPRA, […]
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Our latest webinar recording is available to watch below. Our webinar outlines tax refunds available by reviewing historical construction expenditure and commercial property purchases and the relaxation to apply Super capital allowances to property companies https://www.youtube.com/watch?v=dH_0uAqMgEk
