Capital v Revenue – Understand The Risks v Benefit
As we are fast approaching the self assessment filing deadline for individuals and the amendment window for corporate entities with a year end of March, understanding the importance of what constitutes capital or revenue expenditure, and the risks and benefits associated with it, is extremely important.
First Year Allowances for Corporate Members of Partnerships
In a positive move HMRC have updated their capital allowances guidance for partnerships stating that partnerships with underlying corporate partners can claim first year allowances
Meet the Veritas directors
Veritas have supported Quintain on a number of our build to rent properties producing great tax results across capital allowances and land remediation; we really appreciate the efficiency of the service that Veritas provides, communicating directly with our other advisors and providing an easy to follow report to support our tax filings.
Veritas Advisory have provided us with bespoke advice while taking into account our reporting requirements and attitude to risk. Their team’s approach of careful planning and ensuring that the service provided will be of good value have been particularly helpful.
We have worked with Veritas since our IPO in 2014 and they have become part of our core team, providing an excellent proactive and pragmatic service.
We have been proud to work with Veritas for a number of years. During this time they’ve proved themselves to have expert knowledge of the sector, and to be approachable, proactive and professional.
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