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Capital Allowances: Transactions and Planning 2014/15

Capital Allowances: Transactions and Planning 2014/15

Author: Martin Wilson; Steven Bone
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781780434230
Published In: September 2014
Format: Paperback , 606 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Capital Allowances: Transactions and Planning 2014/15 examines the technical aspects of capital allowances and similar tax reliefs on property, bringing together the issues most relevant to individual transactions.

A useful tool

Adopting a practical approach, and with an emphasis on commercial transactions, this book guides you through the practical realities of a claim, rather than just presenting the bare legislative facts.

Up to date with key topics

Packed with examples and user-friendly commentaries, the advice contained within Capital Allowances: Transactions and Planning 2014/15 has been comprehensively updated to cover recent developments in this field. It also provides detailed guidance for property conveyancing solicitors on the completion of capital allowances pre-contract enquiries.

The major changes you need to understand

This edition covers the new capital allowances pre-contract enquiries published in February 2014 dealing with major changes to the rules for plant and machinery fixtures that were introduced by the Finance Act 2012 with effect from April 2012.

Updated to Finance Act 2014, it also includes relevant case law:
• Hopegar Properties Ltd v HMRC
• Dean and Reddyhoff Ltd v HMRC
• David Thomson v HMRC

The tips you need to offer a top-notch service

Reading this book is an easy way to get ahead of the competition, enabling you to maximise capital allowances and tax-related reliefs on a wide range of commercial transactions. Ultimately, it helps you to save both your own and your clients' money.

Who should read this book?

Accountants and others responsible for tax computations, commercial property conveyancing practitioners and businesses with significant capital expenditure will all find this title an essential day-to-day resource.

Chapter 1: Practicalities of a claim
Chapter 2: Construction of new buildings
Chapter 3: Purchase of a new 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 allowances
Appendix 8: Pre-contract enquiries and warranties
Appendix 9: Comments on pre-contract enquiries