INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Super Capital Allowances Changes Budget 2021

The Chancellor, Rishi Sunak’s budget announcement should help turbo-charge capital investments in the UK with new super capital allowances costed at £29bn over the next 4 years. The extension of loss relief carry-back to 3 years is also positive and makes claiming capital allowances a potent tool in reducing corporation tax and triggering repayments of […]

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Unlocking Cash – How to Maximise Through Capital Allowances

When businesses suffer catastrophic blows to their cashflow, as many are
experiencing now, it is important to explore every opportunity there is to
raise cash.

Claiming capital allowances provides such an opportunity.

Amending Tax Returns to Claim
Historic Expenditure and Reduce Tax Payable Now

Reducing tax bills is an easy way to retain cash and it is vitally
important now to maximise […]

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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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Corporation Tax Loss Relief & Interest Deductions: Capital Allowances

By : February 22, 2017 Comments Off on Corporation Tax Loss Relief & Interest Deductions: Capital Allowances

Capital allowances specialists Lovell Consulting are finding relatively few property companies and private equity businesses are alert to these fundamental changes which will apply from 1 April 2017, not least because the 90 pages of complex legislation was only published on 26 January 2017. John Lovell, MD of Lovell Consulting, advises clients need to be […]

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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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Real Estate Investment Trusts: Get The REIT Advice on Capital Allowances

By : September 23, 2015 Comments Off on Real Estate Investment Trusts: Get The REIT Advice on Capital Allowances

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 […]

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Summer Budget 2015: Property Tax Updates & Impact for Capital Allowances

By : July 9, 2015 Comments Off on Summer Budget 2015: Property Tax Updates & Impact for Capital Allowances

SUMMER BUDGET 2015

The Summer Budget on 8 July 2015 announced a number of capital allowances and property tax changes;

Annual Investment Allowance

The government will increase the permanent level of the AIA from £25,000 to £200,000 for all qualifying investment in plant and machinery made on or after 1 January 2016.

Enterprise Zones

There will be a bidding […]

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