Capital allowances

If you would like to discuss any of the issues outlined below, please contact us.

CAPITAL ALLOWANCES IN PREMISES

Often overlooked, the following transactions with premises can be a rich source of tax planning and mitigation:
  • acquisition
  • sale
  • reconstruction/refurbishment
It might be possible to combine a capital allowance review with other planning, such as acquisition through a  pension scheme or use of an offshore structure.

Many other tax issues relate to property transactions and an early tax review is always recommended.

CAPITAL ALLOWANCES ON PLANT AND MACHINERY

The current annual investment allowance is £200,000 (applying from 1 January 2016).

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