INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

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Super Capital Allowances Changes Budget 2021

The Chancellor, Rishi Sunak’s budget announcement should help turbo-charge capital investments in the UK with new super capital allowances costed at £29bn over the next 4 years. The extension of loss relief carry-back to 3 years is also positive and makes claiming capital allowances a potent tool in reducing corporation tax and triggering repayments of […]

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Resolving Capital Allowances Figures where Buyer and Seller are unable to agree quantum of Allowances on a Nursing Home

By : March 15, 2019 Comments Off on Resolving Capital Allowances Figures where Buyer and Seller are unable to agree quantum of Allowances on a Nursing Home

GLAIS HOUSE CARE LIMITED V THE COMISSIONER FOR HER MAJESTY’S REVENUE & CUSTOMS [2019]

UKFTT 0059 (TC)

Summary

HMRC has lost an interesting capital allowances case where it tried to limit the Taxpayer’s purchase price attributable to second-hand fixed plant and machinery to £1. The tax payer had claimed allowances of £318,792 based […]

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Capital Allowances within Commercial Sale and Purchase Contracts

By : December 19, 2017 Comments Off on Capital Allowances within Commercial Sale and Purchase Contracts

The benefits and importance of capital allowances in commercial sales and purchases has been well publicised, but did you know the relief also needs to be considered in some residential and landlord and tenant matters? Sophie Raniwala explains

Tax has never been more political. As tax schemes become less palatable, capital allowances become even more attractive, providing a […]

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Capital Allowances within Childcare Facilities & Schools

By : March 29, 2016 Comments Off on Capital Allowances within Childcare Facilities & Schools

Nurseries have substantial imbedded plant and machinery (P&M) items and repairs. However the less obvious items often get overlooked by accountants, surveyors and tax advisors.

Why does this happen?

There are many obvious items of plant such as loose furniture and fittings which accountants can easily identify and segregate to allowances. However there are additional imbedded trade related items […]

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Little Book of Big Capital Allowances Savings

By : September 24, 2015 Comments Off on Little Book of Big Capital Allowances Savings

Click here to read Lovell Consulting’s Little Book of Big Capital Allowances Savings Tips

Little Book of Savings

To discuss any capital allowances queries contact us on 020 7329 1300

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Why Do I Need A Capital Allowances Specialist?

By : August 14, 2015 Comments Off on Why Do I Need A Capital Allowances Specialist?

Clients generally assume that their accountant or tax advisor deals with capital allowances. In fact some clients will ask their accountant if they claim allowances and they will respond that they claim all available allowances. However, as explained below, this can be misleading and they are doing their clients a disservice by not referring them to […]

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The New Environment For Capital Allowances

By : June 17, 2015 Comments Off on The New Environment For Capital Allowances

The new environment for capital allowances.

Why specialist help is essential.

Introduction

In the present environment tax planning has become very political.  One area that successive UK governments have encouraged is the claiming of capital allowances.

Businesses are overlooking millions of pounds worth of tax allowances and your clients are likely to be among them.  The reason the majority […]

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