INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Artful Plant: When Capital Allowances may be Claimed on a Painting

By : June 8, 2016 Comments Off on Artful Plant: When Capital Allowances may be Claimed on a Painting

In 1776 Sir Joshua Reynolds painted a portrait later purchased by the 5th Earl of Carlisle.  The painting was taken for display at the family seat at Castle Howard in Yorkshire where for the next 200 years it remained until being sold for over £9m in 2001 on behalf of the late Lord Howard.

The recent […]

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John Lovell Comments: 2016 Budget – Impact on Capital Allowances: Commercial Property

By : March 17, 2016 Comments Off on John Lovell Comments: 2016 Budget – Impact on Capital Allowances: Commercial Property

The 2016 Budget has offered mixed news for commercial property owners.

The positives are lower capital gains tax to a 20% rate which may encourage some owners to sell. However the increase of SDLT to 5% is a negative and significantly reduces the attraction of buying property assets. The trend to lower corporation tax rates of 17% by 2020 […]

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