Capital Allowances: Transactions and Planning 2019/20

22. Auflage 2019
ISBN: 978-1-5265-1117-1
Verlag: Bloomsbury

Buch, Englisch, 600 Seiten, Paperback, Format (B × H): 156 mm x 234 mm, Gewicht: 916 g

Adopting a practical approach, and with a unique transaction-based structure and special features such as pro forma elections and checklists, this book guides you through the practical realities of a claim, rather than just presenting the bare facts of statute and case law. Legislation is comprehensively covered, but with the emphasis on interpretation and explanation, rather than mere repetition of the wording of statute.

Written in plain English, and packed with examples and user-friendly commentaries, the content and advice contained within Capital Allowances: Transactions and Planning 2019/20 has been comprehensively updated to cover the key developments in this area as announced in the Finance (No. 3) Bill 2017-19, these include:

New Structures and Buildings Allowance (SBA)

Annual investment allowance (AIA) increase to £1 million
Abolition of some environmental enhanced capital allowances

Reduction in the special rate of plant and machinery allowances
New case law, including SSE Generation Limited v HMRC [2018] UKFTT 416 (TC) and Glais House Care Ltd v Commissioners for HM Revenue and Customs [2019] UKFTT 59 (TC)

This print edition also consolidates changes made via the previous two years' online updates, including restructuring of historical content and updated commentary.

This book is essential reading for anyone incurring capital expenditure on property and looking to maximise capital allowances and related tax-related reliefs on a wide range of commercial transactions.

Autoren/Hrsg.

Wilson, Martin

Bone, Steven

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Chapter 1: Practicalities of a claim

Chapter 2: Construction of new buildings

Chapter 3: Purchase of a newly constructed building

Chapter 4: Purchase of a second-hand building

Chapter 5: Offices - special features

Chapter 6: Retail property - special features

Chapter 7: Industrial property - special features

Chapter 8: Hotels - special features

Chapter 9: Enterprise zones

Chapter 10: Agricultural property - special features

Chapter 11: Property investors - specific issues

Chapter 12: Sale of property

Chapter 13: Acquisition of a business

Chapter 14: Plant: system of allowances

Chapter 15: Plant: the meaning of the term

Chapter 16: Plant: treatment of common items in buildings

Chapter 17: Vehicle fleet

Chapter 18: Leasing and hire-purchase

Chapter 19: Research and development, patents and know-how

Chapter 20: Transactions within groups and between connected persons

Chapter 21: Claiming and disclaiming allowances

Chapter 22: Interaction with other taxes

Chapter 23: International matters

Chapter 24: Contaminated land

Chapter 25: Goodwill and other intangible fixed assets

Appendix 1: Rates of allowances

Appendix 2: Examples of machinery and plant

Appendix 3: Location of enterprise zones

Appendix 4: Case summaries

Appendix 5: Pro forma elections

Appendix 6: Transaction checklists

Appendix 7: Typical amounts of plant allowances

Appendix 8: Pre-contract enquiries and warranties

Appendix 9: Comments on pre-contract enquiries

Über Autor(innen)

Wilson, Martin
Martin Wilson has over 25 years dedicated experience of capital allowance with expertise from accounting, tax and surveying backgrounds.

Bone, Steven
Steven is a director of Gateley Capitus, tax incentives specialists including capital allowances on commercial property, land remediation relief and R&D tax relief. He is a tax-qualified Chartered Surveyor with over 20 years' experience including opinions, transaction negotiations, specialist valuations, resolving HMRC compliance checks and making tribunal applications. Steven writes many of the published works on property tax incentives: Bloomsbury's Capital Allowances, the RICS's Guidance Note for surveyors, and Practical Law Company's Practice Note on commercial property enquiries dealing with capital allowances.

For further information about Steven, visit: https://gateleyplc.com/people/steven-bone/

For further information about Gateley Capitus, visit: https://gateleyplc.com/gateley-capitus/

Steven Bone, director of Gateley Capitus, and Martin Wilson have more than 40 years' dedicated experience of capital allowances between them, with expertise from accounting, tax and surveying backgrounds.