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

By : Julie Davies June 8, 2016 Comments Off

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 […]

Can an Accountant Claim the Capital Allowances without Specialist Support ?

By : Julie Davies January 12, 2016 Comments Off

Some accountants are bravely proclaiming they do not require specialist valuation support when clients buy or construct buildings. This article considers why this can be a dangerous economy which may result in PI claims.

A Property purchases – “My lawyer and accountant claim the allowances – why do […]

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Capital Allowances Hidden Gems within Hotels

By : Julie Davies August 26, 2015 Comments Off on Capital Allowances Hidden Gems within Hotels

Introduction

Hotels are abundant in qualifying items of plant and machinery (P&M) and repairs. In the vast majority of cases, the total allowances are not fully identified by either the in house accountants or external advisors.

Why does this happen?

Hotels, in comparison to other commercial properties, have specific trade related plant that are not easily identifiable to […]

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decorative assets

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

Can an Accountant Claim the Capital Allowances without Specialist Support ?

Capital Allowances Hidden Gems within Hotels