As you may know I am not an accountant (nobody is perfect) but am involved in helping accountants secure tax savings for their clients with capital allowances claims on commercial property.
Previously on AccountingWEB I have discussed capital allowances and the difficulties of accurately assessing and processing them when it comes to fixtures, fitting
I have a client who has decided to install and run 3 wind turbines as a completely individual Ltd Co. These have costs exceeding £1m and are currently being held as assets under construction.
We currently provide capital allowances claims services to accountants and their clients.
Accountants could be missing substantial sums in tax relief on behalf of their clients, but have a window of opportuni
I am not asking an existentialist question but perhaps a philosophical one!
The Treasury has changed the law in an effort to stop gas and electricity companies claiming capital allowances for money spent by business customers.
Client is a limited company and has purchased machinery in March 2012. Paid for it by CHAPS transferon 30th March 2012, and supplier's invoice has a tax point of 1st April 2012.