Edition 2021-22
Publication May 2021
Length 698pp
Suitable for Tax advisers, Surveyors, Capital allowances specialists, Property lawyers, Larger businesses
Price 95 (or see Bundles page)
ISBN 9781912386376

Capital Allowances


A practical, comprehensive guide to the UK system of capital allowances. 

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. 

Ray Chidell MA (Cantab), CTA (Fellow) is director of Claritax Books and of Six Forward Capital Allowances. Read more here.
Jake Iles MBA, MCMI is managing director of Six Forward Capital Allowances. Read more here.

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

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