Taking allowances
Taking allowances
- 1999
- Estates Gazette (9915) 17 April 1999, 127(1) .
A discussion of capital allowances, making the point that commercial property owners can save considerable amounts in corporation tax by taking full advantage of allowances available on machinery and plant. Looks at what is classed as machinery and plant, who can benefit, apportioning the purchase price and assessing the correct value for the fixtures.
APPORTIONMENT OF COSTS
CAPITAL ALLOWANCES
PROPERTY-COMMERCIAL PROPERTY
CORPORATION TAX
PLANT AND MACHINERY
RESIDENTIAL PROPERTY
A discussion of capital allowances, making the point that commercial property owners can save considerable amounts in corporation tax by taking full advantage of allowances available on machinery and plant. Looks at what is classed as machinery and plant, who can benefit, apportioning the purchase price and assessing the correct value for the fixtures.
APPORTIONMENT OF COSTS
CAPITAL ALLOWANCES
PROPERTY-COMMERCIAL PROPERTY
CORPORATION TAX
PLANT AND MACHINERY
RESIDENTIAL PROPERTY