Following the announcement in October 2018 of the introduction of a new capital allowance for expenditure incurred on non-residential structures and buildings (SBA), HMRC have now published detailed secondary legislation for consultation. Comments are invited by 24th April 2019, with
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We are pleased to announce MBL Seminars will be hosting a Learn Live Session with John Lovell as the speaker on 9th July 2019 from 3pm. Details are as follows: Capital Allowance on Construction & Property Expenditure – BOOK HERE
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GLAIS HOUSE CARE LIMITED V THE COMISSIONER FOR HER MAJESTY’S REVENUE & CUSTOMS [2019] UKFTT 0059 (TC) Summary HMRC has lost an interesting capital allowances case where it tried to limit the Taxpayer’s purchase price attributable to second-hand fixed plant
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UPDATE ON CASE SSE GENERATION LIMITED V THE COMMISSIONERS FOR HMRC HMRC TO CHALLENGE THE FIRST TIER TRIBUNAL TAX CHAMBER RULING HMRC have decided to challenge the ruling given by the First Tier Tax Tribunal which they considered was largely
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HMRC clutching straws on a grain storage structure : Stephen May and another v HMRC [2019] UKFTT 32 (TC) Overview There has been a capital allowance case to determine whether a facility for drying, conditioning and storage of grain is a “silo
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MBL Webinar – Capital Allowances in Hospitality The MBL Capital allowances in the hospitality sector webinar provides an update with particular focus on how to maximise the tax relief available to minimise the impact of interest and loss restrictions introduced in April
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There were some significant and surprisingly positive changes to capital allowances. Up until this Budget, Mr Hammond has been about as useful as a chocolate teapot for investment allowances. Assuming that the present Government remains in power and Finance Bill
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SSE GENERATION LIMITED V THE COMMISSIONERS FOR HMRC FIRST TIER TRIBUNAL TAX CHAMBER This is the first significant capital allowances case since IRC v Barclay, Curle & Co Ltd [1969] where expenditure on capital allowances has been considered for
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