With the recent major reforms to the capital allowances regime, it is imperative to remain on top of the legislation. This detailed guide contains all the updates and changes you need in one place. Practical text is complemented by a detailed tax planning section written by John Endacott, partner at Francis Clark Chartered Accountants. Worked examples, full reference to case law, HMRC pronouncements and more, make this a compact all-you-need-to-know guide on capital allowances.

Table of Contents

1. Introduction; 2. General scheme of allowances; 3. Agricultural buildings; 4. Business premises renovation; 5. Industrial buildings; 6. Flat conversion; 7. Plant and machinery; 8. Mineral extraction; 9. Research and development; 10. Patents and know-how; 11. Dredging; 12. Partnerships; 13. Interaction with Capital Gains Tax; 14. Problem areas; Appendix 1. Items which may Qualify as Plant or Machinery; Appendix 2. Designated Enterprise Zones Index.