Capital Allowances - A Bitesized Guide to Avoiding the Pitfalls

Introduction

The Finance Act 2023 has introduced some key changes to the capital allowances regime and this webinar will explore the opportunities to maximise the generous tax relief as well as consider some of the restrictions introduced for claiming them.

The webinar will cover the new 100% full expensing for trading companies.

In addition, there will be a recap on the significant changes to the capital allowances regime since April 2014 in relation to buying and selling commercial properties. Without clear and practical advice at an early stage of a transaction, allowances could now either be under claimed or permanently lost.

Aimed at property lawyers and tax advisers this webinar assumes a working knowledge of underlying capital allowances legislation.

What You Will Learn

This webinar will cover the following:

• The recently introduced 100% full expensing
• Freeport tax sites
• Structures and Buildings Allowance
• Reminder of key practical implications of FA 2014 Fixtures Legislation
• Capital contributions to tenant works
• How the rules have worked in practice
• Avoiding pitfalls when buying & selling commercial properties
• Key strategies and case studies
• Commercial Property Standard Enquiries (CPSE) responses
• Capital allowances contract wording
• Potential capital allowances changes going forwards

This webinar was recorded on 10th August 2023