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  UKFTT 416 (TC) and Glais House Care Ltd v Commissioners for HM Revenue and Customs  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print edition also consolidates changes made via the previous two years' online updates, including restructuring of historical content and updated commentary.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.
Read an extract of Capital Allowances: Transactions and Planning 2019/20
Table of Contents
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