The way in which plant and machinery allowances pass between the sellers and buyers of commercial property changes after 31 March 2014. Buyers are at a very high risk of losing entitlement to tax relief unless they amend their procedures and the way in which plant and machinery allowances are considered in the conveyance process.
New Commercial Property Standard Enquiries (CPSE.1 Version 3.3) were published on 28th February 2014. A new Enquiry 32, purportedly dealing with capital allowances, was introduced…Read More
R&D Tax Credits provide valuable corporation tax relief for entities incurring qualifying expenditure on R&D. The categories of qualifying expenditure are included within the…Read More