Insights

Capital investments, and particularly more complex investments, with greater upfront risk are likely to be most affected by the Orsted ruling with reduced qualifying costs for tax purposes. In this article we explore the tax implications of the ruling in detail.

Court of Appeal decision summary on the pre-construction (operational studies) costs for a major offshore windfarm.

An article covering some of the most common tax pitfalls and opportunities on works to an existing building with tips and links.

The Upper Tribunal (UT) has now considered last year's First-tier tax (FTT) tribunal decision on the capital allowances treatment of certain costs associated with offshore windfarms and whilst it agreed with FTT on a number of issues it took a different view on the eligibility of preliminary studies and surveys, narrowing the scope for this claim and potential claims for similar expenditure on other projects. Windfarm The UT decision concerned the following issues: - Whether