INDEPENDENT CAPITAL ALLOWANCES VALUERS

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Lexis Nexis Webinar – Capital Allowances 2021

In this webinar, specialist speakers John Lovell and Kirsty Palacci will provide a masterclass in capital allowances.

The Webinar will cover:

Capital allowances in contextChanges in the 2021 BudgetSuper capital allowancesConstruction/Expenditure ClaimsPurchased Properties ClaimsFreeportsCommon misconceptionsStructures and Buildings Allowance

To view the preview video and subscribe to Lexis Nexis Webinars please click here

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Freeports & Capital Allowances – Boosting the Economy Through Investment

As part of an ongoing consultation process, HMRC is considering the creation of Freeports across the UK.  These Freeports will be located around air, sea and rail ports and will be governed by different customs and tariff status.   Local authorities, operators of ports, airports and rail, and businesses will bid to create a designated Freeport, […]

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Capital Allowances Fact Sheet – Offices

Both owners and occupiers of office buildings can claim substantial capital allowances but this opportunity is often missed. This can be due to confusion over the capital allowances rules changes or because non-specialist solicitors, accountants and tax advisors do not recognise the full potential of available allowances. Frequently, construction cost information can be unhelpful and […]

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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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Structures and Buildings Allowances – Update

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 […]

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