MBL Webinar – Capital Allowances – Hotels, Restaurants & Office Buildings

By : Julie Davies March 5, 2020 No Comments

Introduction

Since April 2017 there have been restrictions for deducting interest where bank interest exceeds £2m/annum. This makes the full claiming of allowances for UK entities even more important.

From April 2019 overseas owners of UK commercial properties are subject to CGT and from April 2020, all non-resident landlords will be subject to corporation tax.

This webinar aims […]

Structures and Buildings Allowances – Update

By : Julie Davies April 18, 2019 No Comments

Following the announcement in October 2018 of the
introduction of a new capital allowance for expenditure incurred on non-residential
structures and buildings (SBA), HMRC have now published detailed secondary
legislation for consultation.

Comments are invited by 24th April 2019, with an
overall response to the consultation published in May 2019.

Once finalised, it will be introduced as a Statutory
Instrument and the […]

Lovell Consulting Commentary on November 2018 Budget: Capital Allowances Changes

By : Julie Davies November 19, 2018 Comments Off

There were some significant and surprisingly positive changes to capital allowances. Up until this Budget, Mr Hammond has been about as useful as a chocolate teapot for investment allowances. Assuming that the present Government remains in power and Finance Bill 2019 is enacted there will be some positive outcomes for capital investment in the UK.