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Capital Allowances

Martin Wilson of The Capital Allowances Partnership Ltd ( reviews the PBR provisions for capital allowances
The last three years have seen extensive changes to the system of capital allowances including changes to the rate of plant allowances the phasing-out of industrial buildings allowances and the introduction of integral features. Consequently it was anticipated that any changes to allowances in the Pre-Budget Report would be fairly narrow in scope and so it has proved. Instead most of the changes relate to anti-avoidance.
As is often the case with specific anti-avoidance legislation the vast majority of taxpayers will be unaffected. HMRC pronouncements in Pre-Budget Report Note (PBRN) 12 are...

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