Capital Allowances

The last three years have seen extensive changes to the system of capital allowances including changes to the rate of plant allowances the phasing-out of industrial buildings allowances and the introduction of integral features. Consequently it was anticipated that any changes to allowances in the Pre-Budget Report would be fairly narrow in scope and so it has proved. Instead most of the changes relate to anti-avoidance.

As is often the case with specific anti-avoidance legislation ...