INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Lovell Consulting Commentary on March 2020 Budget: Capital Allowances Changes

The Chancellor, Rishi Sunak’s ‘get it done’ approach did not really extend to capital allowances. There was a modest lift to Structures and Buildings Allowances.

The capital allowances changes are below:

The Structures and Buildings Allowances was introduced in Finance Act 2019 to encourage the construction of new or renovation of existing non-residential structures and buildings. […]

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Enterprise Zones & Capital Allowances

By : December 9, 2015 Comments Off on Enterprise Zones & Capital Allowances

Enterprise Zones were reintroduced in 2012 to encourage economic growth and investment.

Businesses basing themselves on Enterprise Zones can access a number of benefits:

Up to 100% business rate discount worth up to £275,000 per business over a 5 year period

Simplified local authority planning

Government support to ensure that superfast broadband is rolled out throughout the zone, and, […]

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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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