Enterprise Zones were reintroduced in 2012 to encourage economic growth and investment.
Businesses basing themselves on Enterprise Zones can access a number of benefits:
Up to 100% business rate discount worth up to £275,000 per business over a 5 year period
Simplified local authority planning
Government support to ensure that superfast broadband is rolled out throughout the zone, and, […]
Read moreIt is sometimes essential to offer incentives to attract tenants to take space in a vacant property. Typically these will be in the form of a general cash payment, contribution to tenant fit out or a rent-free period.
Of these the contribution route can be the most tax efficient for the landlord as there is a […]
Read moreIt is becoming more and more likely that you or your clients will be approached directly by capital allowances advisors to review capital expenditure when properties are purchased or when construction expenditure is incurred. This can be beneficial but is a more reassuring experience if you appoint the right firm.
Here are 10 key qualities to […]
Read moreThere is substantial worth of tax allowances within private member clubs. Significant savings can be achieved by considering capital allowances at an early stage. In-house accountants and tax advisors will be able to identify the apparent qualifying items of plant and machinery (P&M), such as furniture, kitchen equipment etc. When fitting out or refurbishing a […]
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There are 4 main areas of concern for HMRC with any Capital Allowances (CA) claim; entitlement, credibility, quantum and eligibility.
Entitlement requires careful consideration of the tax history and appropriate valuation basis. Also considerations of the nature of trade and specific expenditure.
Credibility issues can be reduced by submitting a fully detailed, cross referenced, well […]
Read moreRestaurant owners are often overlooking substantial tax allowances. This happens because their accountants and tax advisors may only pick up simple & obvious plant and machinery (P&M) items, i.e. chairs, tables, crockery etc. When fitting out or refurbishing a restaurant, the construction expenditure is generally not very well detailed for capital allowances, therefore not easily […]
Read moreIntroduction
Nursing homes have substantial imbedded plant and machinery (P&M) items and repairs. However the less obvious items often get overlooked by accountants 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 […]
Read moreCapital allowances may be claimed in a variety of trades and entities. Often overlooked due to its tax status, there is a genuine interaction between REITS and capital allowances as explained below.
Background
Real Estate Investment Trusts (REITS) are tax efficient property investment companies. They were first introduced to the UK in 2007.
The main benefit of having […]
Read moreIntroduction
Wind farms can be a lucrative source of income, but in order to make the most of this income it is important to protect the tax position by claiming capital allowances. A high percentage of wind turbine construction expenditure qualifies for capital allowances. However, due to their specialist construction, the full extent of the allowances […]
Read moreDerelict or contaminated land can pose a dilemma to developers and investors alike as the cost of regenerating it can turn a financially viable project into an unviable one.
However, savings are available from the Government keen to encourage the redevelopment of contaminated sites.
This tax relief applies to residential and commercial properties.
Tax breaks are available to […]
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