CAPITAL-ALLOWANCES

Clarification rather than a fundamental expansion of relief?

Paul Farey (AECOM) assesses how the Supreme Court’s stricter approach narrows the scope for capital allowances on preparatory expenditure.

A detailed report by Lexis®+ UK Tax, with additional practitioner insight.

John Angood and James Hewitt (BDO) provide a back to basics guide.

First-year capital allowances claim on oilfield plant and machinery allowed

As 2026 passes its halfway point, we take stock of a busy year in the courts. From decisions on partnership tax and treaty abuse to VAT, inheritance tax planning to employment status, here is our pick of ten key cases shaping tax practice this year....

Capital allowances not available for environmental studies expenditure

Capital allowances: ring fence trades and intra-group transfers

Court of Appeal decides capital allowances are available for environmental studies