UHY Ross Brooke Chartered Accountants
Finance Act 2021 legislated for the temporary 130% super-deduction for companies acquiring new plant and machinery announced in the Spring 2021 Budget. This applies where the expenditure is incurred between 1 April 2021 and 31 March 2023. This means that a new machine that cost £100,000 will reduce the company’s
In an unexpected offer of generosity, as part of the Chancellor’s spring budget, temporary ‘super’ capital allowances were announced with a view to kick start the post-Covid recovery. Nolan Masters sets out what this means for different property owners, occupiers and investors, in terms of who is likely to benefit
In his 2018 Budget, the Chancellor announced a new “Structures & Buildings Allowance” (“SBA”) for new non-residential structures. “Hark, it’s an Industrial Buildings Allowance”, I hear you cry! And you probably wouldn’t be too far off the mark. Relief is available for eligible construction costs incurred on or after 29
Owners of commercial properties, whether used in their own business or let to tenants could be sat on a tax goldmine and not even be aware of it. What tax relief? Experts estimate that property owners in the UK could be missing out on tax relief worth billions of pounds