Making allowances

Collins, C.

Making allowances - 1988 - Building (253) 7566 23 September 1988, 22-23(2) .

Over £400m in tax is paid unnecessarily each year by property owners/developers and contractors who do not maximise the allowances available on new build ing schemes, claims the author. In this article he explains how property expenditure can be reduced and uses the refurbishment of a commercial hotel to illustrate how much can be allowed as plant and machinery .


BUILDING ALLOWANCES
CAPITAL ALLOWANCES