Martin Wilson and Steven Bone, Capital Allowances Partnership LLP

"a useful tool for agents in practice who need a comprehensive guide to how this tax works" Taxline

This popular annual tax title examines the technical aspects of capital allowances and similar tax reliefs on property and, in addition, brings together the issues most relevant to individual transactions. Focusing primarily on the corporate property transactions tax practitioners deal with on a regular basis, Capital Allowances: Transactions and Planning 2011/12 demonstrates how the taxpayer can save money by maximising capital allowances and related tax reliefs.

It explains the practical and technical aspects of capital allowances and the related tax reliefs on property. These include reliefs for land remediation, business premises renovation and R&D tax credits.

This well established and popular title offers a unique transaction-based structure and many special features making it an extremely practical and essential source of reference.

NEW IN THIS EDITION
The 2011/12 edition is updated to cover all recent, relevant legislation and case law, including:

Finance (No 3) Act 2010 and Finance Act 2011
Christopher Wills v Commissioners for HM Revenue & Customs UKFTT 174 (TC)
[2010]
Moonlight Textiles Ltd v Commissioners for HM Revenue & Customs UKFTT 500 (TC)
[2010]
Mrs CA Andrew v Commissioners for HM Revenue & Customs UKFTT 546 [2010]
Mrs ME McMillin v Commissioners for HM Revenue & Customs UKFTT 65 (TC) [2011]
Commissioners for HM Revenue & Customs v Tower MCashback LLP 1 & Another
UKSC 19 [2011]

Packed with practical examples and user-friendly commentaries, this book is an easy way of getting ahead of the competition. It will enable you to maximise capital allowances and tax related reliefs on a wide range of commercial transactions.

Bibliographic detail

ISBN: 978 1 84766 764 9
Publication Date: Jul-11
Format: Paperback and eBook
Availability: In print
List price: £115 + 10% VAT

Contents

1 Practicalities of a claim; 2 Construction of new buildings; 3 Purchase of a new building; 4 Purchase of a second-hand building; 5 Offices - special features; 6 Retail property - special features; 7 Industrial property - special features; 8 Hotels - special features; 9 Enterprise zones; 10 Agricultural property - special features; 11 Property investors - specific issues; 12 Sale of a property; 13 Acquisition of a business; 14 Plant: system of allowances; 15 Plant: the meaning of the term; 16 Plant: treatment of common items in buildings; 17 Vehicle fleet; 18 Leasing and hire-purchase; 19 Research and development, patents and know-how; 20 Transactions within groups and between connected; 21 Claiming and disclaiming allowances; 22 Interaction with other taxes; 23 International matters; 24 Contaminated land; 25 Goodwill and other intangible fixed assets.

Appendices

1 Rates of Allowances; 2 Examples of Machinery and Plant; 3 Location of Enterprise Zones; 4 Case Summaries; 5 Pro Forma Elections; 6 Transaction Checklists; 7 Typical Amounts of Allowances; 8 Pre-contract Enquiries and Warranties; 9 Comments on Pre-contract Enquiries