News - Page 2 of 7 - Lovell Consulting

Lovell Consulting Commentary on November 2018 Budget: Capital Allowances Changes

By : lovell2019 November 19, 2018 No Comments

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

Capital Allowances Prevent Nightmare Tax Levels

By : lovell2019 October 31, 2018 No Comments

Capital Allowances Plant and Machinery in a Civil Engineering Context

By : lovell2019 October 3, 2018 No Comments

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

Lovell Consulting Capital Allowances Student Prize Winner 2018

By : lovell2019 July 25, 2018 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 2018 is Ho Yan Ho.

The Lazarus Impact – Making Very Late Capital Allowances Claims

By : lovell2019 July 5, 2018 No Comments

A pub company has succeeded in making a very late capital allowances claim. The First Tier Tax Tribunal has decided that there really is life after death and in the case of Dundas Heritable v HMRC (2018) where a late claim made for

OTS – Report on Proposed Capital Allowances Simplification

By : lovell2019 June 22, 2018 No Comments

The long awaited report by the Office of Tax Simplification (OTS) into the proposed simplification of capital allowances was published on the 15th June 2018. It extends to 88 pages but concludes that whilst an accounts based depreciation system would be attractive, the

Capital Allowances within Commercial Sale and Purchase Contracts

By : lovell2019 December 19, 2017 No Comments

The benefits and importance of capital allowances in commercial sales and purchases has been well publicised, but did you know the relief also needs to be considered in some residential and landlord and tenant matters? Sophie Raniwala explains Tax has never been more political.

OTS Review on Capital Allowances and Accounts Depreciation

By : lovell2019 October 12, 2017 No Comments

John Lovell is interviewed by Lexis Nexis: 4 October 2017 First published by Lexis Nexis John Lovell, Managing Director at capital allowances specialists Lovell Consulting, outlines the recent review by the Office of Tax Simplification (OTS) regarding replacing capital allowances with