Veritas Advisory hosted their biannual Capital Allowances seminar at the RICS Headquarters, Great George Street, Westminster, London on Tuesday 6 March. The date for the next seminar for the autumn will be confirmed shortly.
Insights
Seminars & Events
News
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.
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.
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.
Archive
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
To unlock this section and others like it, please fill in the details below.