Insights

On 5th February the government passed the legislation announced in Budget 2020 to extend and tighten the availability of 100% First Year Allowances for low emission cars. The measure is designed to incentivise the uptake of zero CO2 emission vehicles by businesses and support the Government’s announcement of its desire to phase out the sale of new petrol, diesel and hybrid cars from 2030. This is also intended to support its wider policy on climate change to reduce all greenh

The case of Revenue and Customs Commissioners v SSE Generation Ltd [2021] will be of interest to anyone involved in capital allowances because it discusses in some detail the application and principles behind the statutory ‘structure’ exclusions contained in the Capital Allowances Act (‘CAA’) 2001 s22 and its potential exemptions in CAA 2001 s23 – List C. More specifically, how narrowly some of the terms in s22 need to be construed and applied as well as what needs to be cons

Co-operation and planning with fixtures sales are essential to make the most of any capital allowances in the deal involved

The UK Government open up a bidding process in England to establish at least seven new Freeports.

With the UN Climate Change Conference UK 2021 coming to Glasgow in less than 12 months time we wanted to shine a spotlight on tax

The OTS has now concluded its latest review into capital allowances elections and made the following recommendations

If you spend money on plant or machinery (including certain fixtures) for use in your business and regularly dispose or scrap them..

I had an insight into that question this year when a detached retina triggered four surgeries over seven months and a fifth now pending

When it comes to determining repairs for tax purposes, words matter but substance and context matter more

A unique feature of a furnished holiday letting (FHL) compared to other types of residential property businesses is the ability to claim or lose capital allowances when the residential property is sold. A failure to properly understand the rules can be a costly mistake for Buyers and Sellers alike. What are Capital Allowances? If you rent other residential property you should be familiar with the Rent-a-Room Scheme and Replacement of Domestic Items Relief (which replaced wear

When you are under a lot of stress, it is very often your core psychological traits that come to the forefront.

HM Revenue & Customs (HMRC) has updated its Capital Allowances Manual (CA12300).