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Latest Insights

£1,000,000 AIA Extended for 12 Months
In a positive move the Government has today announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.

13 Nov 2020

Written by: David Gibson

Veritas Open Liverpool & Manchester Offices
We are pleased to announce the opening of two offices in Liverpool and Manchester to strengthen our existing offering and provide a local presence to both existing and new clients.

18 Sep 2020

Written by: David Gibson

Enhance SPV Tax Relief With Capital Allowances
When an SPV sells it's sole property asset significant tax relief can be realised on sale using Capital Allowances. Normally they are written down at 18% or 6% on a reducing balance basis but on cessation of trade a balancing allowance may be due, accelerating the timing of the tax savings, as per our example in this article.

07 Sep 2020

Written by: Clive Curd

Archive

Use Capital Allowances To Reduce Your CGT & Taxable Income

07 Sep 2020

Written by: Clive Curd

Veritas Article in Property Week Magazine

08 Jun 2020

Written by: Nolan Masters

Veritas Article in Taxation Magazine

03 Jun 2020

Written by: Nolan Masters

Capital Allowances Guide for PAI Member Firms

01 Jun 2020

Written by: Clive Curd

4 Simple Steps to Reduce Income Tax

27 May 2020

Written by: David Gibson

4 Simple Steps to Reduce Corporation Tax

27 May 2020

Written by: David Gibson

Property Agents Independent (PAI) Network Blog

15 May 2020

Written by: Nolan Masters

It’s Not Too Late For Some – Further Claim Opportunities

23 Jan 2020

Written by: Nolan Masters

Don’t Look Back In Anger – How To Avoid Missing Out

23 Jan 2020

Written by: Nolan Masters

 

03 Mar 2020
Capital Allowances Seminar – RICS HQ, London

RICS Headquarters
12 Great George Street
London, SW1P 3AD

09 Oct 2019
Capital Allowances Seminar – RICS HQ, London

RICS Headquarters
12 Great George Street
London, SW1P 3AD

11 Jun 2019
Veritas Presenting at Surrey Care Association Business Meeting

Clive Curd, Director of Veritas Advisory is presenting “Opportunity to claim money through property” to the Surrey Care Association at their Business update meeting on Tuesday 11th June.

04 Jun 2019
Veritas Advisory Added to Speakers at Mercia Annual Healthcare Conference

Hilton East Midlands Airport
M1 Junction 24
Derby Road
Derby

22 May 2019
Veritas Supporting the Surrey Care Association Spring Conference

Veritas Advisory are supporting the Surrey Care Association Spring Conference 2019 as exhibitors at Leatherhead Leisure Centre, Leatherhead, on Wednesday 22nd May 2019.

19 Mar 2019
Capital Allowances Seminar, RICS HQ, London

RICS Headquarters
12 Great George Street
London, SW1P 3AD

27 Nov 2018
Veritas Advisory Presenting at RICS Matrics Seminar

RICS Headquarters

12 Great George Street

Westminster

London, SW1P 3AD

09 Oct 2018
Capital Allowances Seminar, RICS HQ, London

RICS Headquarters
12 Great George Street
London, SW1P 3AD

06 Mar 2018
Capital Allowances Seminar, RICS HQ, London

RICS Headquarters

12 Great George Street

Westminster

London, SW1P 3AD

Latest News

£1,000,000 AIA Extended for 12 Months

13 Nov 2020
In a positive move the Government has today announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.

Veritas Open Liverpool & Manchester Offices

18 Sep 2020
We are pleased to announce the opening of two offices in Liverpool and Manchester to strengthen our existing offering and provide a local presence to both existing and new clients.

Enhance SPV Tax Relief With Capital Allowances

07 Sep 2020
When an SPV sells it's sole property asset significant tax relief can be realised on sale using Capital Allowances. Normally they are written down at 18% or 6% on a reducing balance basis but on cessation of trade a balancing allowance may be due, accelerating the timing of the tax savings, as per our example in this article.

Use Capital Allowances To Reduce Your CGT & Taxable Income

07 Sep 2020
Until recently many offshore investors did not claim capital allowances due to having little or no tax liability. However, as offshore investors are now within the UK corporation tax legislation and pay tax on their capital gain, consideration of Capital Allowances to reduce their tax bill should always be made.

Veritas Article in Property Week Magazine

08 Jun 2020
As part of the Property Week magazine Covid-19 support hub Veritas Advisory director Nolan Masters highlights how using Capital Allowances can help generate significant tax savings and ease cash flow problems.

Veritas Article in Taxation Magazine

03 Jun 2020
Veritas have published an article in Taxation Magazine setting out how to boost cash flow by identifying property tax reliefs. Key points addressed in the article include reviewing historic expenditure where allowances haven't been fully claimed, using capital allowances to mitigate future capital gains, the window of opportunity to claim and the benefit of utilising the annual investment allowance of £1,000,000.

Capital Allowances Guide for PAI Member Firms

01 Jun 2020
Veritas Advisory director Clive Curd has prepared a Capital Allowances guide for all member firms of the Independent Commercial Property Agents Network (PAI) for which Veritas Advisory are the recommended Capital Allowances advisor.

4 Simple Steps to Reduce Income Tax

27 May 2020
The practical aspects of partnerships and individuals claiming on historic expenditure, if there are any time restrictions to submit a claim and how to overcome potential barriers such as lack of supporting detailed cost information are often unclear. We set out 4 simple steps to follow in order to realise these tax savings

4 Simple Steps to Reduce Corporation Tax

27 May 2020
Companies are often unclear on the practical aspects of claiming against historic expenditure, if there are any time restrictions to submit a claim and how to overcome potential barriers such as lack of supporting detailed cost information. We set out 4 simple steps to follow in order to realise these tax savings

Capital Allowances Seminar – RICS HQ, London

Date

03 Mar 2020

Location

RICS Headquarters
12 Great George Street
London, SW1P 3AD

Veritas Advisory will be hosting another Capital Allowances seminar at the RICS HQ, 12 Great George Street, London on Tuesday 3 March 2020. Registration will be 8.15am, the seminar will commence at 8.45am and will finish by 9.45am. Attendance is free and will count towards CPD.

The seminar will cover all topical Capital Allowances matters, case studies, recent legislation changes including the new Structures and Buildings Allowances, the impact of the tax changes to non-residents and identifying where Capital Allowances are typically missed and opportunities to claim.

Insights

Related insights

£1,000,000 AIA Extended for 12 Months

In a positive move the Government has today announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.

Veritas Open Liverpool & Manchester Offices

We are pleased to announce the opening of two offices in Liverpool and Manchester to strengthen our existing offering and provide a local presence to both existing and new clients.

Events & Seminars

What's on

03 Mar 2020

Capital Allowances Seminar – RICS HQ, London

09 Oct 2019

Capital Allowances Seminar – RICS HQ, London

11 Jun 2019

Veritas Presenting at Surrey Care Association Business Meeting