A practical, comprehensive guide to the UK system of capital allowances.
The new (2021-22) edition will be published in the first half of May, but is available to order now. You can buy from this page, in which case payment will be taken immediately, or email email@example.com if you prefer to be invoiced when the book is published. (A few copies are left of the previous edition if required.)
Use this book to avoid costly errors, and to maximise tax relief, thereby protecting the interests of all businesses and commercial property owners.
Detailed and practical guidance on key topics re plant and machinery allowances: cars, fixtures in property, annual investment allowances, special rate expenditure, short-life assets, etc.
Other allowances, including those for capital expenditure on R&D, and also structures and buildings allowance, are also covered in depth.
The book is written for accountants and others who need a fully technical guide.
It complements our A-Z of Plant & Machinery
, which shows the application of the plant and machinery rules to more than 300 specific types of expenditure, and the two may be bought together as a discounted bundle - see top of page. Together, the two books offer more than 1,000 pages of practical and clearly written commentary, arranged in a user-friendly and accessible format.
"An excellent guide to capital allowances." – Taxation review of earlier edition.
NB the table of contents and the sample extract are from the 2020-21 edition, but these will be updated before publication.
New for this edition
The 2021-22 edition contains a wide range of updated material, including the following:
- in-depth coverage of the new regime for super-deductions and other temporary first-year allowances
- text and all examples updated for extension of £1 million annual investment allowance
- capital allowances rules for Freeports
- new case law decisions from the First-tier and Upper Tribunals and from the Court of Appeal
- full and updated coverage of the regime for structures and buildings allowances
- new HMRC guidance on various topics
- technical change re long-life assets (associated companies)
- new section on practicalities of advising the buyer of a property re fixtures claims