Some tax essentials for property lawyers
Series: Property Law ; (62) January 2003, 5-6(2)Publication details: 2003Subject(s): Summary: Considers tax allowances and how to avoid them becoming the reason for the failure to complete a property transaction. Outlines the major issues surrounding the Capital Allowances Act 2001, including the need for 'relevant interest' in a property to ensure access to any tax allowances. Allowances range from 10% of the purchase price for basic offices to 100% for a basic factory unit, which can qualify for both industrial building and plant and machinery allowances. All dwellings are excluded, although student housing and nursing homes are partly eligible, whilst retail premises attract few allowances.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66483 (Browse shelf(Opens below)) | 1 | Available | 121570-1001 |
Considers tax allowances and how to avoid them becoming the reason for the failure to complete a property transaction. Outlines the major issues surrounding the Capital Allowances Act 2001, including the need for 'relevant interest' in a property to ensure access to any tax allowances. Allowances range from 10% of the purchase price for basic offices to 100% for a basic factory unit, which can qualify for both industrial building and plant and machinery allowances. All dwellings are excluded, although student housing and nursing homes are partly eligible, whilst retail premises attract few allowances.