News Archives - Lovell Consulting

Groundhog Day – HMRC Loses Appeal To Upper Tax Tribunal: Late Capital Allowances Claim

By : Julie Davies August 8, 2019 No Comments

Further to our article titled ‘The Lazarus Impact – Making very Late Capital Allowances Claims’ where the First Tier Tax Tribunal allowed a pub company (the taxpayer) to file a very late capital allowances claim. HMRC appealed the First Tier

Lovell Consulting Student Prize Winner 2019

By : Julie Davies July 18, 2019 No Comments

Each year Lovell Consulting awards a prize of £1000 to an outstanding quantity surveying student at the University of Reading. Lovell Consulting are pleased to announce the winner of the Lovell Prize 2019 is James Anderson.

New Capital Allowances CPD Seminar Dates

By : Julie Davies July 17, 2019 No Comments

Definition of what Constitutes Qualifying Expenditure for BPRA Claims

By : Julie Davies May 9, 2019 No Comments

LONDON LUTON HOTEL BPRA PROPERTY FUND LLP V THE COMMISSIONERS FOR HMRC FIRST TIER TRIBUNAL TAX CHAMBER This is a significant case heard by the First Tier Tribunal (FTT) concerning a BPRA claim and the definition of qualifying expenditure ‘on

New Capital Allowances CPD Seminar Dates

By : Julie Davies April 30, 2019 No Comments

Structures and Buildings Allowances – Update

By : Julie Davies April 18, 2019 No Comments

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

MBL Learn Live Session – Capital Allowances on Construction & Property Expenditure

By : lovell2019 April 9, 2019 No Comments

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

Resolving Capital Allowances Figures where Buyer and Seller are unable to agree quantum of Allowances on a Nursing Home

By : lovell2019 March 15, 2019 No Comments

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

Capital Allowances Plant and Machinery in a Civil Engineering Context Update

By : lovell2019 February 28, 2019 No Comments

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

Capital Allowances: HMRC Clutching Straws on a Grain Storage Structure

By : lovell2019 February 13, 2019 No Comments

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