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Fixtures claims: lessons from Glais House

A recent tribunal decision confirms that the ‘pooling requirement’ may be met despite failures by former owners, write Ray Chidell and Jake Iles (Six Forward Capital Allowances).

Finance Act 2019 greatly increases for two years the level of annual investment allowances that businesses landlords and others may claim for expenditure on most plant and machinery. This change is of particular value in relation to property transactions where claims can be high.

Recent cases

The valuable tax savings that plant and machinery allowances (PMAs) can generate explain the succession of recent First-tier Tribunal capital allowances cases. Although the allowances have been around for many decades these cases continue to raise fundamental questions of principle.

The recent decision in Glais House Care Ltd v HMRC [2019] UKFTT 59 (TC) for example affirms an important principle in relation to claims made by previous owners of a given property but is...

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