B
In order to clarify whether certain items are plant or part of a building, statutory lists detailing buildings and structures which qualify for capital allowances were introduced. The lists are...
Additional costs may include any of the following: - altering buildings incidental to the installation of plant and machinery for the purposes of the trade; - demolition of existing plant and machinery...
Over the years there have been a number of allowances available for buildings. For expenditure incurred on or after 29 October 2018 a new structures and buildings allowance was introduced. The previous...
Structures and buildings allowanceThe new rate of tax deduction for the structures and buildings allowance (SBA) will apply from:1 April 2020 for businesses within the charge to CT; and6 April...
If your business is relocating to another premises, there might be an opportunity to bag some extra tax deductions or use them as a factor to negotiate a better price. What’s involved?
HMRC - no place to claim new SBA allowance..Structures and buildings allowance (SBA). The new tax allowance for businesses that spend on building or improving structures used for their trade...
8. Capital allowances for buildings and other structuresWe have already mentioned the special rules which allow you to claim CAs for structures and buildings used for R&D purposes, but there...
Can a claim for CAs be made for a building?Generally, no CAs claims can be made for the cost of a building incurred before 29 October 2018, but it may be possible to make a claim for the fixtures...
Correctly recording transactions in your business records is always important but especially so for expenditure on buildings and equipment. How can accurate bookkeeping save you tax?
The government has published draft legislation for the new structures and buildings allowance (SBA). While it confirms earlier announcements, there are one or two surprises. How much tax relief...