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Capital Allowances: Hidden but discoverable Property Embedded Fixtures and Fittings are a specialist element of the well-known subject of Capital Allowances and are a taxable benefit against qualifying expenditure on Plant and Machinery for the purpose of the trade. All commercial property contains embedded fixtures and fittings, which is vital for the trade to function,…

Section 198 Election Process So, you decided to buy a commercial property. You’ve done a lot of research on your new commercial property and you’re ready to negotiate the best price. The sale price isn’t everything and you don’t want to overlook other savings! What else can you do? Negotiate and separate the value of…

Capital Allowance advice when buying commercial property We are aware that, due to its complexity, correct capital allowance advice in commercial property transactions is not always given.  Many commercial property owners have not claimed their full entitlement of capital allowances making it very difficult to satisfy legislation. This means businesses with commercial property interest simply miss a…

Have you or your clients had a survey of their property to highlight the embedded fixtures and fittings that qualify for tax relief? It’s automatically assumed that information is readily available for the standard accounting routines to maximise tax relief from expenditure to buy and improve a commercial property. When sufficient detail isn’t available, a…

The UK business sector has spent over £23 billion on research and development (R&D) as of 2017. This constituted the largest portion of the total gross domestic expenditure on research and development in this period. Every business recognises the value of R&D in creating higher economic value. The government does recognise the role R&D plays…

The 2019 Annual Investment Allowance Increase The Annual Investment Allowance (AIA) offers tax relief to businesses that need to purchase business equipment. It allows your business to deduct the total amount spent on qualifying equipment from your taxable profits in the same tax year. AIA can be adjusted each year with the new Budget. In…

Have your Client’s had a survey of their property to highlight the embedded fixtures and fittings that qualify for tax relief? It’s automatically assumed that information is readily available for the standard accounting routines to maximise tax relief from expenditure to buy and improve a commercial property. What happens when sufficient detail isn’t available?  A lot of…

Capital Allowance Claims: Your Straightforward Guide to Plant and Machinery Businesses are encouraged to work with proactive advisors to ensure the most efficient route is taken to deduct a lot from taxes even when profits increase. If you’re not familiar with the expenditure that qualifies for capital allowances, here is a basic overview of what…

You might be aware of capital allowances and may have even claimed capital allowances in the last tax year, but do you know exactly how much of your business assets you can claim? The rules surrounding capital allowances are vague and complex therefore difficult to maximise the number of tax deductions available. 1. What Are…

The 31st January 2019 is the deadline for completing 2017 Self Assessment returns and for amending 2016 Tax Returns. Now is the opportunity to review your Client’s tax position and to consider who can benefit from the tax savings available by claiming Property Capital Allowances on the Embedded Fixtures and Features within commercial buildings, including unclaimed…