CAPITAL-ALLOWANCES

Matthew Hodkin and David Schultz (Norton Rose Fulbright) consider the broader implications of an FTT decision on capital allowances for expenditure on a hydroelectric power project.

The Office of Tax Simplification’s recent review of capital allowances found ‘no conclusive case’ for replacing the current rules with accounting depreciation, reports Steve Smith (JLL). But might one area for reform be a solution that encourages energy efficiency?

Sarah Squires

Sarah Squires (Old Square Tax Chambers) looks ahead to what the draft legislation needs to cover.

Martin Mann

Martin Mann (Gabelle) looks back on some of the most significant tax changes affecting SMEs in recent months.

Peter Casey

Michael Everett

HMRC has outlined its current thinking on options to change the UK tax treatment of leased plant and machinery to ensure the tax rules in this area remain fit for purpose after the adoption of IFRS 16. Michael Everett and Peter Casey (KPMG) consider the background and the various proposals.

Steven Bone

Steven Bone (The Capital Allowances Partnership Ltd) answers a query on a capital allowances s 198 election for plant and machinery fixtures which is being challenged by HMRC.

Mark Middleditch

The monthly review of tax issues affecting the City, by Mark Middleditch (Allen & Overy).

Steven Bone

Steven Bone (The Capital Allowances Partnership Ltd) answers a query on the timing of a capital allowances claim for an office fit-out.

Heather Self

Heather Self (Pinsent Masons) reviews Lloyds Bank Leasing (No. 1) Ltd v HMRC, which examines whether the obtaining of capital allowances was one of the main objects of a transaction.