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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
Substantial Unclaimed Capital Allowances On Existing Assets
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.
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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.
Use Capital Allowances to Help Pay for Higher Spec Offices
23 Oct 2023
On a typical £1m CAT B fit out the landlord or occupier, whoever is incurring the expenditure, could recover up to £250k by claiming Capital Allowances.
HMRC Capital Allowances Enquiries Focusing On Certain Sectors
26 Sep 2023
An increasing number of claims being submitted to HMRC are not fully compliant with the legislation, and in some cases are double what they should be, particularly in certain industry sectors.
Unearthing Hidden Treasures – LGT Wealth Article
01 Sep 2023
Veritas Director David Gibson was recently interviewed by Nicholas Duffy of LGT Wealth Management for thoughts on how family offices and property owners can identify Capital Allowances to help leverage other investments. Click here to read in full
Offset ESG Costs With Capital Allowances
09 Aug 2023
The impact of both ESG and MEES on the property sector is resulting in significant capital investments. To incentivise and reduce the net cost of capital investment, tax relief is available by way of capital allowances.
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