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Capital Allowances — Integral Features

David Woodward Tax Director and Harinder Soor Tax Senior Manager of KPMG's Capital Allowances Advisory Services group comment on the Integral Features legislation included in the Finance Bill
The Government is as we know very keen to be seen as equitable and just when setting tax policy. In Budget 2007 announcements were made to reform business taxation: the intention was to ensure that the tax system supports growth and better reflects commercial activity. Fairness a reduction in administration burdens and the promotion of investment and growth were the objectives and the capital allowances changes announced were part of that overall strategy. Whilst the suite of changes (including a reduction in the corporation tax rate) need to be considered together it is far from clear whether for asset-intensive businesses these...

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