Capital Allowances: Transactions and Planning 2019/20

Capital Allowances: Transactions and Planning 2019/20

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print edition also consolidates changes made via the previous two years’ online updates, including restructuring of historical content and updated commentary.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