CAPITAL-ALLOWANCES

Tom Gardner Jill Gatehouse Joe Williams Emily Szasz

Jill Gatehouse, Emily Szasz, Joe Williams and Tom Gardner (Freshfields) examine HMRC’s proposed reforms to the taxation of distributions and their implications for capital returns, demergers and commercial transactions.

Alison Lobb

Lisa Shipley

Alison Lobb and Lisa Shipley (Deloitte) examine what the new mandatory foreign branch exemption means for UK businesses.

Kim Ashley

Clarification rather than a fundamental expansion of relief?

Paul Farey

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.

James Hewitt

John Angood

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

Paul Farey

Paul Farey (AECOM) assesses the impact of the Court of Appeal’s judgment in Gunfleet Sands.

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

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