Description
Bloomsbury Publishing (UK) Capital Allowances: Transactions and Planning 2019/20 by Martin Wilson Steven Bone
Essential for practitioners with clients who are incurring capital expenditure on property and aims to save taxpayers money by helping them to maximise legitimately capital allowances and related tax reliefs on a wide range of commercial transactions. With a unique transaction-based structure this book guides you through the practical realities of a claim. Key developments include:- New Structures and Buildings Allowance (SBA);- Annual investment allowance (AIA) increase to £1 million;- Abolition of some environmental enhanced capital allowances;- Reduction in the special rate of plant and machinery allowances.Case law:- Senex Investments Ltd v HMRC [2015] UKFTT 0107 (TC) - Paul Telfer v HMRC [2016] UKFTT 614 (TC) - SSE Generation Limited v HMRC [2018] UKFTT 416 (TC)