Capital allowances: Duty of care

MD
Stanley Tax Associates Ltd
Share this content
0

Previously on AccountingWEB I have discussed capital allowances and the difficulties of accurately assessing and processing them when it comes to fixtures, fittings and integral building features, explains STax founder Andrew Stanley.

s187a & s187b CAA2001 (contained in Finance Act 2012) changed how the transference of capital allowances work when a building changes hands. Mandatory pooling is with us from April 2014. In short if capital allowances have not been correctly pooled, recorded and a transfer value fixed, the opportunity to claim them simply disappears.

Taxpayers who have not been advised correctly stand to lose...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.