Fixtures & More

Andrew Green

Andrew Green partner Davis Langdon LLP reviews the current consultation on capital allowances

Another chapter in a consultation process that can be traced back to 2002 was published at the end of July. 'Business tax reform: capital allowances changes' (see http://www.hm-treasury.gov.uk/consultations_and_legislation/businesstaxreform/consult_businesstaxreform_index.cfm) is concerned with the changes to capital allowances from April 2008.

The proposals are well known. I have listed the main points below and more details can be found in earlier articles published in The Tax Journal including the review by Martin Wilson (Issue 880 9 April 2007) and the hotel sector perspective by John Endacott (Issue 888 4 June 2007).

They are:

● the separate classification of integral fixtures to which the 10%...

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