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CAPITAL-ALLOWANCES


The monthly review of tax issues affecting the City, by Mark Middleditch (Allen & Overy).

Steven Bone (The Capital Allowances Partnership Ltd) answers a query on the timing of a capital allowances claim for an office fit-out.

Heather Self (Pinsent Masons) reviews Lloyds Bank Leasing (No. 1) Ltd v HMRC, which examines whether the obtaining of capital allowances was one of the main objects of a transaction. 
 
When a trade ceases at midnight on the final day of an accounting period, in which period does the trade end?
 

Steven Bone (The Capital Allowances Partnership Ltd) answers a reader query.

HMRC has carried out some spring cleaning on its GAAR guidance. This and other recent developments affecting the City are reviewed by Mark Middleditch (Allen & Overy).

Your guide to the key measures from the Budget, provided by Lexis®PSL Tax and Lexis®PSL Private Client.

The exchequer secretary to the Treasury, David Gauke, sets out the government’s three main priorities on tax.

Richard Carson comments on the Upper Tribunal decision in HMRC v Lloyds TSB Equipment Leasing on a targeted anti-avoidance rule.

Jenny Doak examines the two sets of provisions in FA 2013 intended to prevent corporate groups from accessing ‘unrealised’ losses from unrelated parties

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