Provides guidance to the technical aspects of capital allowances and similar tax reliefs on property. Brings together the issues most relevant to individual transactions. Focuses on the corporate property transactions most often encountered in practice: construction of new buildings; purchase and sale of property; retail and industrial property; hire-purchasing and leasing; contaminated land; goodwill and intangibles; and overseas capital allowances and tax depreciation. Covers all the latest legislative developments, including the two 2005 Finance Acts and the Income Tax (Trading and Other Income) Act 2005. Additions to this edition include agricultural buildings allowance, the Private Finance Initiative (PFI), the Disability Discrimination Act, research and development, inducements offered to tenants and the interaction with stamp duty and Stamp Duty Land Tax (SDLT ).