Capital allowances Articles

Capital allowances restricted for project development costs

A recent Supreme Court decision has put the tax treatment of predevelopment costs under the spotlight. As a result, capital allowances will probably be restricted for some predevelopment costs. In response, the government has consulted on the impact of the decision. It has also looked at whether the current rules could affect investment decisions. Below, we explain what this means for your...

Benefits of claiming the Annual Investment Allowance

Benefits of claiming the Annual Investment Allowance Businesses that invest in qualifying assets may benefit significantly. Specifically, they can claim the Annual Investment Allowance (AIA). As a result, they deduct the full cost of eligible purchases from their profits before tax. Consequently, this reduces the taxable profit in the period of the investment.   Who can claim and how much...

Have you overlooked this valuable capital allowance?

Have you overlooked this valuable capital allowance? If you have invested in a new commercial building or completed significant renovation work, you may qualify for extra tax relief. In fact, many business owners miss out on the Structures and Buildings Allowance (SBA) entirely. Therefore, it pays to check whether you can claim.   What is the Structures and Buildings Allowance? The SBA...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
Load More

Need Capital allowances Advice?

Our experts are on hand to discuss your specific needs or concerns