000 01217cam a2200229 4500
001 ABS66483
008 030307n2003 000 0 eng u
035 _a(Sirsi) u121570
100 _aMcFarlane, I.
245 _aSome tax essentials for property lawyers
260 _c2003
490 _aProperty Law
_v(62) January 2003, 5-6(2)
520 _aConsiders 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.
590 _aABS
650 _aCAPITAL ALLOWANCES
650 _aCAPITAL ALLOWANCES ACT 2001
650 _aINDUSTRIAL BUILDING ALLOWANCES
650 _aPLANT AND MACHINERY ALLOWANCES
650 _aTAX ALLOWANCES
690 _aTAXATION
942 _n0
999 _c72265
_d72265