INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Definition of what Constitutes Qualifying Expenditure for BPRA Claims

LONDON LUTON HOTEL BPRA PROPERTY FUND LLP V THE COMMISSIONERS FOR HMRC

FIRST TIER TRIBUNAL TAX CHAMBER

This is a significant case heard by the First Tier Tribunal
(FTT) concerning a BPRA claim and the definition of qualifying expenditure ‘on
or in connection with’.  HMRC have
typically considered that BPRA claims often include items of expenditure that
they deem […]

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The Lazarus Impact – Making Very Late Capital Allowances Claims

By : July 5, 2018 Comments Off on The Lazarus Impact – Making Very Late Capital Allowances Claims

A pub company has succeeded in making a very late capital allowances claim. The First Tier Tax Tribunal has decided that there really is life after death and in the case of Dundas Heritable v HMRC (2018) where a late claim made for capital allowances has been allowed despite normal time limits not being followed.

The […]

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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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Pension Funds and Capital Allowances Interactions

By : May 18, 2017 Comments Off on Pension Funds and Capital Allowances Interactions

There is a commonly held view that as UK pension funds are tax exempt they are unable to benefit from the tax savings arising from capital allowances.  For this reason capital allowances have generally been ignored by pension entities. There is also some confusion with property lawyers and advisors in this area and this article […]

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Capital Allowances, Corporation Tax Loss Relief & Interest Deductions – Act Now

By : March 1, 2017 Comments Off on Capital Allowances, Corporation Tax Loss Relief & Interest Deductions – Act Now

SERIOUS IMPLICATIONS FOR PRIVATE EQUITY BUSINESSES AND PROPERTY COMPANIES

Capital allowances are available to companies when they incur expenditure on buying, building or refurbishing commercial property and the tax benefits can be significant.  It is a non-contentious way of reducing a tax bill but in our experience is frequently overlooked by companies – either due to […]

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