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| Fundamental principles to Avoid Missing Out on Enhanced Capital Allowances |
Since the introduction of the special rate pool in April 2008, taxpayers’ cash flows have been hit hard by the reduced level of writing down allowances from Capital Allowances. This has raised the importance of claiming the more valuable relief’s such as ECAs. To successfully claim these, however, it has been and will be necessary to put in place a process, which at very least, undertakes some fundamental checks to avoid ‘loss’.
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| Wetherspoon - Part 2 |
A decision was reached by the Tribunal in respect of the second hearing in the case of J D Wetherspoon plc -v- HMRC and was published on 15 January 2010. In this article we take a look at the outcome and make observations on the important areas. A more detailed analysis of individual items will follow shortly.
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| Global Sourcing Strategies |
As market conditions continue to be challenging, global sourcing, or low cost country sourcing as it’s sometimes known as, is becoming an increasingly considered option. The aim of this article is to give an insight into how Davis Langdon invests in research which is commercialised and brings value innovation to our clients.
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| Significant Group Undertakings and the Carbon Reduction Commitment |
The question of whether to disaggregate or not? The march of legislation brings an obscure word to prominence - ‘disaggregation’ was certainly not in common usage. A key point that has emerged, however, from the Government Consultation on the Carbon Reduction Commitment Energy Efficiency Scheme (CRC), is that participants with large subsidiaries can exercise an option to ‘disaggregate’ and make separate registrations for the scheme.
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| Carbon Assessor - New for CRC Compliance 2010 |
This new software platform empowers portfolio property owners with a simple way of gathering and managing their energy data. With all your energy data assembled, Carbon Assessor is the right place to start defining an ongoing emissions reductions strategy. For example, in the short term desktop display energy certificates will highlight poorly performing buildings, where the easiest savings are likely to be found.
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| VAT Trap for Charities |
A change in interpretation announced by HM Revenue & Customs (HMRC) in July 2009 will further restrict the ability of charities to obtain the benefit of zero rating where there is some business use of a new building.
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| Reducing the Cost of an Office or Premises Move for Tenants |
During the current recession, large numbers of corporate occupiers have decided to remain in their existing premises despite an expired lease, a current break option on their lease, or a pressing need to upgrade or relocate. There are several options available to a tenant that may offset and reduce the cost of moving premises.
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| Know your REITs |
David Vogel FCA has recently joined the Banking Tax and Finance team. He is a well known and respected figure in the property world and he is also a specialist on the treatment of Real Estate Investment Trusts (REITs). In this first part of a three part series covering the treatment of REITs, David explains the importance and value of Capital Allowances.
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| Deferred Revenue Expenditure |
In the context of property expenditure, ‘deferred revenue expenditure’ is the cost of repairs and maintenance that could properly be treated as revenue expenditure, but which has been capitalised in the accounts of the business. It is not uncommon for revenue expenditure forming part of a property refurbishment project to be capitalised, because the accounts of a business are often finalised before the tax computations. This article considers the tax consequences of capitalising revenue expenditure.
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| Property Transactions Between Connected Persons |
Whilst very few property transactions between connected persons are carried out to avoid tax, the tax rules often treat such transactions differently to those between unconnected persons. In this article we look at the consequences for Capital Allowances when a property transaction is carried out between connected persons.
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