Will Long Funding Leases Affect Your Capital Allowance Claim?

Following the extension to allow Landlords, who will be leasing plant and machinery, to claim the new Super-deduction, we thought it worth talking about LONG FUNDING LEASES (LFL), which can also mean a lessor is precluded from claiming capital allowances.Where a long funding lease is in place, the capital allowanc....
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What is the 130% Super-Deduction Capital Allowances

The 2021 Budget announced a new and extremely generous first year allowance for Main Pool Plant at 130% and also a 50% First Year Allowances for Special Rate Plant.These will be temporary increases in tax relief for companies who invest in certain types of new plant and machinery between 1 April 2021 and 31 March 2023.Although a generous give back....
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Budget 2021 - Super Deductions

An interesting Budget 2021 from the Chancellor, yesterday.  The very positive news coming from a focus on business investment as a way to boost capital expenditure, and make the UK a more attractive place to do business and improve business productivity.With our main business being in capital allowances we were pleased by the increased tax ded....
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Commercial properties operating in the UK with the highest qualifying expenditure levels..

Mark Anthistle, our Senior Capital Allowances Analyst reviews the different types of commercial properties operating in the UK and identifying which of these yields the highest qualifying expenditure levels as a percentage of the overall purchase price.   Property Types Most commercial properties will include the fundamental qualif....
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Common misconceptions about claims for Capital Allowances on embedded plant

The common misconception that many accountants have when considering a claim for Capital Allowances on embedded plant, and the effect it will have on the Capital Gains Tax (CGT) liability due on the future sale of the asset.  Capital Gains Tax (CGT)When a commercial property is sold at a profit, this profit is subject to CGT. The gain is....
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