Insights

In 2024, HM Revenue & Customs (HMRC) has been sharpening its focus on compliance checks for commercial real estate and infrastructure deals

An invalid s198 election is a potential win-win for HMRC an easy target - don't lose out - find out all you need to know in this article.

In this article we explore some of the practical difficulties in making SBA claims in property acquired from non-taxpayers

An article examining capital allowances in commercial real estate transactions (including furnished holiday lettings)

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

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

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

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

With the introduction of Structures and Buildings Allowances and their inclusion in CPSE general pre-contract contract enquiries for commercial property transactions, capital allowances are likely to come under increased scrutiny in 2020. Sellers that fail to understand their historical claim positions or plan for what maybe legitimately expected in terms of enquiries could find themselves with unwanted delays, higher legal costs and even an unsuspecting tax bill. Buyers that

A new requirement on property owners & occupiers – “Allowances Statements”

Residential care home win on building purchase

HMRC waiting to catch sellers without valid elections

If you buy a property from someone who owned it before 2008 you might be entitled to claim the 'integral feature' uplift.

Capital allowances on SDLT, LBTT or LTT

Commercial Property Tax Elections and Tribunal – Getting a Good Deal

Can you claim capital allowances on property purchases? Maybe!