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Capital Allowances: Transactions and Planning 2021/22

Authors: Martin Wilson MA and Steven Bone

Edition: 2021/22

Publication Date: August 2021

Publisher: Bloomsbury Professional

Law As Stated At: 30 April 2021

Capital Allowances: Transactions and Planning 2021/22

Capital Allowances: Transactions and Planning 2021/22

Adopting a practical approach, and with a unique transaction-based structure and special features such as pro forma elections and checklists, this content 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.

The most recent update takes into account the following developments:

  • Freeports: Enhanced structures and buildings allowances (SBAs) and capital allowances for plant and machinery at new English freeports, subject to qualifying conditions (9.13 onwards)
  • Summary of amended first-year allowances for plant (14.15), including the new 130% super-deduction allowance (14.17A) and the 50% SR allowance (14.17B)
  • Changes to the SME payable R&D tax credit that a loss-making company can receive (19.45)
  • A summary of Payne and Anors v HMRC Commrs [2020] EWCA Civ 889 (17.3)

In addition the Case Summaries Appendix has been updated in line with a number of important cases

This 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. This content has been updated by Steven Bone from Gateley Capitus (, and Martin Wilson.