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Integral Fixtures

Steven Bone and Martin Wilson of The Capital Allowances Partnership LLP comment on the latest proposals for changes to capital allowances on fixtures
July saw the latest stage of the debate about the future of capital allowances and whether they are suited to the modern commercial environment when the Government published its consultation document 'Business tax reform: capital allowances changes'. Inter alia this document sets out proposals to 'modernise' the rates of tax relief available for plant and machinery.
What Is Proposed
●     A reduction of the standard rate of writing-down allowance from 25% a year to 20% which the Government believes is the true economic rate of depreciation for plant and machinery and...

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