INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Capital Allowances Case Summary: Bowerswood House Retirement Home

By : April 20, 2015 Comments Off on Capital Allowances Case Summary: Bowerswood House Retirement Home

Capital Allowances Case Summary: Bowerswood House Retirement Home v HMRC [2015]

Release Date: 26 January 2015

Overview 

Whether a swimming pool enclosure is plant and the appropriate basis of apportioning the purchase price to qualifying plant and machinery for capital allowances purposes.

The FTT found the enclosure was not plant. They also found the apportionment formula is a […]

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Property Tax Case Summary: Terrace Hill (Berkeley) Ltd: Impact for Capital Allowances

By : April 2, 2015 Comments Off on Property Tax Case Summary: Terrace Hill (Berkeley) Ltd: Impact for Capital Allowances

Property Tax Case Summary: Terrace Hill (Berkeley) Ltd v HMRC [2015]

Release Date: 12 February 2015

Overview

Whether a property developer held a property development as trading or investment.

It was held by the First-Tier Tax Tribunal that the property was an investment and not trading stock. This was due to the intention of the Appellant when […]

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Business Premises Renovation Allowance (BPRA) Case Summary: Senex Investments

By : April 2, 2015 Comments Off on Business Premises Renovation Allowance (BPRA) Case Summary: Senex Investments

Business Premises Renovation Allowance (BPRA) Case Summary: Senex Investments Ltd v Revenue & Customs [2015]

Release Date: 04 March 2015

Overview

Whether a former church is a qualifying building for the purposes of BPRA.

The FTT found that church was a qualifying building for BPRA as it had last been used as a “trade, profession or vocation” under […]

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