.png)
.png)
ALUN OLIVER and JAMES DANIELS review HMRC’s consultation on capital allowances reform
KEY POINTS
- Mandatory pooling of capital allowances within a short period.
- Record of agreement of sale price relating to fixtures.
- Is this the end of £1 elections under CAA 2001 s 198?
- Claim all historic expenditure – or lose it!
- The increased administrative burden.
- Will HMRC impose cost over value?
On 31 May 2011 HMRC published a consultation paper proposing important changes to the capital allowances regime on fixtures in buildings.
Although HMRC admit their inability to cope with the current flow of capital allowances claims and to properly apply the existing rules and case precedents they have...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
