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

By : Julie Davies September 23, 2015 Comments Off

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 […]

Contaminated Land – The Big Clean Up for Capital Allowances

By : Julie Davies September 15, 2015 Comments Off

Derelict or contaminated land can pose a dilemma to developers and investors alike as the cost of regenerating it can turn a financially viable project into an unviable one.

However, savings are available from the Government keen to encourage the redevelopment of contaminated sites.

This tax relief applies to residential and commercial properties.

Tax breaks are available to […]

Land Remediation Relief & Capital Allowances Q&A

By : Julie Davies August 5, 2015 Comments Off

What is contaminated land?

For the purposes of this tax relief it is where the land contains substances such as asbestos, Japanese Knotweed or sulphate resistant concrete which are causing harm or could possible cause harm, pollute or possibly pollute controlled waters.

Is there a definition of contaminated land costs?

There is a general definition which is that […]

Capital Allowances – Asbestos Removal

By : Julie Davies May 7, 2015 Comments Off

Asbestos was extensively used in many building materials; therefore large quantities of asbestos still remain in buildings that were built prior to the restriction of asbestos use. These materials represent one of the most significant occupational health risks in the UK.

Control of Asbestos at Work Regulations 2002, Regulation 4 places a specific legal duty on […]

Capital Allowances Case Summary – LLPs and AIA

By : Julie Davies September 26, 2014 Comments Off

Tax Case Summary: Drilling Global Consultant LLP v HMRC [2014]

Release Date: 11 September 2014

Overview

Whether an LLP, whose members are an individual and a limited company is a qualifying person entitled to claim the annual investment allowance (AIA) within the meaning of s38A(3)of CAA2001.

It was held by the First-Tier Tax Tribunal that a mixed LLP, […]

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land remediation relief

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

Contaminated Land – The Big Clean Up for Capital Allowances

Land Remediation Relief & Capital Allowances Q&A

Capital Allowances – Asbestos Removal

Capital Allowances Case Summary – LLPs and AIA