News & Current Issues
Green Leases
Capitus Director Aubrey Calderwood now discusses the tax incentives of "green leases" in Property Week magazine online.
Brownfield Sites and Land Remediation Relief
Capitus Director Aubrey Calderwood has recently published an article on Brownfield Sites and Land Remediation in Property Week magazine online.
Budget 2009
The Chancellor of the Exchequer delivered his 2009 Budget to the House of Commons on 22 April 2009.
A budget of few positive highlights, with a new higher tier of tax for income over 150k of 50% and the car scrappage scheme taking most of the news coverage.
With regards to Capital Allowances, a temporary FYA of 40% will be in place for 2009-2010 for expenditure on P&M (excluding integral features) and there have been minor changes to the ECA regime.
For a summary of the Budget’s highlights of most interest, please click here.
Hidden Tax Incentives for Property Acquisitions post 31 March 2008
On 1 April 2008 the UK capital allowances regime changed dramatically. A new special rate pool of plant & machinery allowances was introduced reducing the writing down allowance from 25% to 10% for assets deemed to be "integral features". However, the list of assets that qualify for plant and machinery allowances was also increased and this measure presents a real opportunity for investors who have acquired property after 31 March 2008 to increase the tax relief available to them in the form of additional capital allowances perhaps not considered at the time of acquisition. Read more
