Blog

Topical articles on all things capital allowances including case law, budget changes, policy and related topics (for guidance and information only).

Jan 194 min read

Camping Pods: How their Use, Form, and Specification Affect Tax Treatment

This recent tax case concerns the capital allowances treatment of 26 timber log camping pods at an outdoor activity centre in Wales.

Nov 22, 20235 min read

Full Expensing in the UK: An Overview

An overview of the latest developments in 'Full Expensing' following the UK Chancellor's Autumn Statement 2023

Apr 11, 20228 min read

Dealing in Capital Allowances

An article examining capital allowances in commercial real estate transactions (including furnished holiday lettings)

Mar 2, 20222 min read

A test of the function test in a highly regulated and sophisticated asset

An article on the tax treatment of costs for specialist building parts in uranium treatment facility

Aug 5, 20214 min read

Specialist potato storage warehouse win for taxpayer

Warehouse treated as a 'cold store' and 'silo for temporary storage' enabling capital allowances win at Tribunal.

May 5, 20213 min read

Super Deductions for Long Life Assets

HM Revenue & Customs (HMRC) have confirmed that they will accept the decision in the First-teir Tribunal (FTT) case of DAARASP LLP and BETEX

Apr 7, 20214 min read

Satellite Launch Costs

The recent case of Inmarsat Global Limited v The Commissioners for Her Majesty’s Revenue & Customs [2021] UKUT0059(TCC) is an appeal...

Apr 7, 20215 min read

Gas Storage Caverns as Plant

Can a hole in the ground be an item of plant or machinery? The hole here was in fact a sophisticated underground cavern which had been...

Feb 3, 20216 min read

Defending Structure Claims as Plant

The case of Revenue and Customs Commissioners v SSE Generation Ltd [2021] will be of interest to anyone involved in capital allowances...

Oct 29, 20203 min read

Short Life Asset Tax Benefits

If you spend money on plant or machinery (including certain fixtures) for use in your business and regularly dispose or scrap them..