Capital Allowances

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

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About this work

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, also available within our digital library, which shows the application of the plant and machinery rules to more than 300 specific types of expenditure.

Together, the two works provide the most comprehensive coverage of UK capital allowances.

“An excellent guide to capital allowances.” – Taxation review of earlier edition.

Table of contents

• General principles
• Plant and machinery
  • Principles and definitions
  • Allowances and charges
  • Fixtures
  • Cars and other vehicles [expanded by way of example]
    • First principles
    • Treatment of different types of vehicle
    • Writing-down allowances for vehicles [expanded by way of example]
      • Introduction
      • Main rate cars
      • Other cars
      • Anti-avoidance
      • Other vehicles
    • Other allowances for vehicles
    • Other considerations
  • Software
  • Short-life assets
  • Long-life assets
  • Special rate expenditure
  • Leases and hire purchase
  • Partnerships and successions
• Other matters
• Structures and buildings allowances
• Mineral extraction allowances
• Research and development allowances
• Know-how allowances
• Patent allowances
• Dredging allowances
• Former allowances
• Final provisions
• Other material