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    Capital gains tax - Specific types of asset - Other assets - Plant and trading assets - Assets on which capital allowances could be claimed - 49915

    Where a disposal of an asset on which capital allowances could be claimed results in a: - capital gain, any allowances already given are clawed back by way of a balancing charge; or - capital...

    Capital allowance planning when incorporating your business

    There are potentially significant tax and NI savings to be made by incorporating your business. This includes a one-off planning opportunity when you buy equipment. How can you maximise your...

    Can you claim tax relief for a failed purchase?

    You ordered new IT equipment for your business and paid a deposit. The supplier went under before it could be delivered and you only got a fraction of your money back. What tax relief, if any,...

    Last chance to claim relief

    Business property renovation allowance (BPRA) will be scrapped in 2017, for both individuals and companies. What is this allowance and could your clients still benefit before it’s axed?

    Maximising capital allowances when transferring a trade

    Businesses can claim capital allowances (CAs) for the cost of equipment used in their trade. But there can be a catch if you transfer the trade from an unincorporated business to a company. What steps...

    Annual investment allowance - selling equipment

    A few years ago you bought some equipment and claimed the annual investment allowance, which you adjusted to account for non-business use. Now that you’ve sold it how does an odd loophole affect...

    Changes to claiming capital allowances on fixtures

    If a client is seeking to claim capital allowances on fixtures included in a previously-owned building they’ve just acquired, you’ll need to advise them of the new restrictions which took...

    Accelerating tax deductions for cars

    It can now take decades for your business to obtain tax relief for the cars it buys. But in some instances you can speed things up. How does this work?

    £1 sale

    It can be tax efficient on some occasions to transfer an asset to a connected party for a nominal sum (e.g. £1). However, as you’d expect, the Taxman may query this. What’s your best defence...