C

    Income tax - Income from UK land and property - Taxable profits - Capital allowances - 23445

    Capital allowances for plant and machinery used other than in a dwelling house are available as for trading income (¶4420). This also applies to furnished holiday lettings (¶23585). The following former...

    Rental businesses - trouble with capital expenditure

    There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. Which can...

    9. Equipment attached to or used in buildings - Can a claim for CAs be made for a building?

    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...

    10. Property rental businesses - Can CAs be claimed by property rental businesses?

    Can CAs be claimed by property rental businesses?Property owners who receive rent or other payments for use of their properties are entitled to claim CAs. Note that there are special conditions...

    How to value assets for capital allowances

    A tribunal refused a company’s claim for capital allowances (CAs) on certain assets it bought during a takeover. For others it said the company’s calculations were unreasonable. What went...

    Property rental tax break withdrawn

    A change to the rules in 2008 led to a rash of claims for tax deductions on capital expenses against residential property rental income. The Taxman has now put a block on these. What’s changed...