Commercial Property Standard Enquiries: Capital Allowances

By : Julie Davies June 30, 2016 Comments Off

Following on from the April 2014 changes to the Capital Allowances fixtures legislation, there is now more of a requirement for careful planning and technical due diligence to ensure Capital Allowances are not lost to Buyers of commercial property.

Buyers are increasingly reliant on the answers they receive to the Commercial Property Standard Enquiries (CPSE) sent […]

Better Call Lovell for Capital Allowances

By : Julie Davies February 17, 2016 Comments Off

When to call in a capital allowances specialist?

Many construction professionals have some knowledge of capital allowances. This can be helpful as it flags the benefits of tax savings to clients. Though as, Alexander Pope mentioned, ‘A little learning is a dangerous thing’.

This article flags why allowances are helpful to tax paying clients. It sets out […]

Plant in Garden Centres: Claiming the Right Kind for Capital Allowances

By : Julie Davies January 20, 2016 Comments Off

Garden centres can benefit from additional tax relief on purchase and construction expenditure.

There are around 2,500 garden centres in the UK. Most are full scale “leisure destinations” with some evolving from local nurseries to others being newly constructed. Not only do they provide a range of plants and garden furnishings, but additional facilities such as […]

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 […]

Read more

Capital Allowances & Landlord Contributions to Tenant Fitting Out Works

By : Julie Davies December 2, 2015 Comments Off on Capital Allowances & Landlord Contributions to Tenant Fitting Out Works

It is sometimes essential to offer incentives to attract tenants to take space in a vacant property. Typically these will be in the form of a general cash payment, contribution to tenant fit out or a rent-free period.

Of these the contribution route can be the most tax efficient for the landlord as there is a […]

Read more

Capital Allowances within Private Member Clubs

By : Julie Davies November 11, 2015 Comments Off on Capital Allowances within Private Member Clubs

There is substantial worth of tax allowances within private member clubs. Significant savings can be achieved by considering capital allowances at an early stage. In-house accountants and tax advisors will be able to identify the apparent qualifying items of plant and machinery (P&M), such as furniture, kitchen equipment etc. When fitting out or refurbishing a […]

Read more

Drafting For Purchase Contracts And CPSE Capital Allowances Responses

By : Julie Davies July 15, 2015 Comments Off on Drafting For Purchase Contracts And CPSE Capital Allowances Responses

Since April 2014 the legislation has been substantially tightened for capital allowances when buying commercial property.

The allowances can be significant and often represent around 10%-25% of the purchase price of the property. There are standard Commercial Property Standard Enquiries (CPSEs) for use by the property lawyers, intended to establish the extent of any allowances available […]

Read more

tax election

Commercial Property Standard Enquiries: Capital Allowances

Better Call Lovell for Capital Allowances

Plant in Garden Centres: Claiming the Right Kind for Capital Allowances

Can an Accountant Claim the Capital Allowances without Specialist Support ?

Capital Allowances & Landlord Contributions to Tenant Fitting Out Works

Capital Allowances within Private Member Clubs

Drafting For Purchase Contracts And CPSE Capital Allowances Responses