Capital allowances on buildings

Hi

I have a limited company client who owns a care home which was purchased in 1991.

We recently instructed Quantity/Land Surveyors to prepare reports to enable us to calculate the fixtures & fittings contained within the building. We used the VOA's preferred method.

We have written to the previous owner of the home to establish whether a claim had been submitted in the past but have had no response despite numerous attempts.

We are about to submit the claim but are worried as we could not establish whether a previous claim had been made. There is a rule whereby if capital allowances have not been claimed since July 1996 then there is no restriction but I am not sure whether this rule is only for purchases made after July 1996 whereas our client purchased in 1991.

 

Thanks in advance.

Comments
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Entitlement to claim.

plummy1 |
plummy1's picture

Many thanks for that. That is

mdsergi |

Almost but not quite

dunhamsjd |
dunhamsjd's picture

Thanks for your reply.

mdsergi |

Not easy

dunhamsjd |
dunhamsjd's picture

Many thanks for your comments

mdsergi |

Any reason why the claim is being considered after 21 years?

mydoghasfleas |
mydoghasfleas's picture

Further to dunhamsjd's post,

holywood |

I agree

Euan MacLennan |
Euan MacLennan's picture

CPSE1

plummy1 |
plummy1's picture