Veritas Advisory Director, Clive Curd, was chosen as a panel member for the Taxing Student Accommodation seminar hosted by the BPF at 30 Warwick Street on Thursday 22 January 2015, discussing and providing clarity on how the student accommodation sector is interpreted for tax purposes.
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100% Full Expensing – What is it and why it’s important
Hailed as the “Greatest Tax Break in History” when it was introduced in 2021, the 130% Super Deduction aimed to take some of the sting away from the hike in Corporation Tax rate that was announced in the same speech. Its replacement, Full Expensing (FE), took over in April 2023 as a slightly less headline-grabby 100% First Year Allowance. But what is it?
Some Good News for Furnished Holiday Let Owners
Positive transitional rules have now been published allowing Furnished Holiday Let owners the ability to use Capital Allowances beyond April 2025
Case Ruling – HMRC v Altrad Services Limited
The decision by the Court of Appeal will have far reaching implications in that it clearly resets the boundaries of what is a capital allowances avoidance scheme designed to increase the quantum of capital allowances claimed
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100% Full Expensing – What is it and why it’s important
09 Sep 2024
Hailed as the “Greatest Tax Break in History” when it was introduced in 2021, the 130% Super Deduction aimed to take some of the sting away from the hike in Corporation Tax rate that was announced in the same speech. Its replacement, Full Expensing (FE), took over in April 2023 as a slightly less headline-grabby 100% First Year Allowance. But what is it?
Some Good News for Furnished Holiday Let Owners
05 Aug 2024
Positive transitional rules have now been published allowing Furnished Holiday Let owners the ability to use Capital Allowances beyond April 2025
Case Ruling – HMRC v Altrad Services Limited
10 Jul 2024
The decision by the Court of Appeal will have far reaching implications in that it clearly resets the boundaries of what is a capital allowances avoidance scheme designed to increase the quantum of capital allowances claimed
Spring Budget Update
06 Mar 2024
Chancellor Jeremey Hunt announces changes to the capital allowances legislation affecting furnished holiday let owners
Capital v Revenue – Understand The Risks v Benefit
24 Jan 2024
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
19 Jan 2024
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
Substantial Unclaimed Capital Allowances On Existing Assets
23 Oct 2023
Capital Allowances provide an opportunity to save substantial amounts of money in a lean market yet many property owners and occupiers are already sitting on vast savings without even knowing it.
The Risk to Lawyers of Not Correctly Addressing Capital Allowances
23 Oct 2023
Solicitors acting for clients on a purchase or disposal of a commercial property must ensure they correctly address capital allowances; failure to do so may give rise to reputational and / or financial risk.
Maximising Capital Allowances and Avoiding Pitfalls Through Timing
23 Oct 2023
The rules surrounding the transition between Super Deduction and Full Expensing can be complex and the importance of fully analysing and understanding any contract for construction or purchase is significant.