Tax Allowances for Caravans Used in the Business

Tax Allowances for Caravans Used in the Business

We originally published this post on caravans used in the business on 21 June 2017 and updated it on 8 May 2024 for freshness, accuracy, and comprehensiveness. You can claim tax relief, known as capital allowances, for plant and machinery that you keep to use in your...
Is a Grain Silo Plant?

Is a Grain Silo Plant?

The age old conundrum of whether an item is classed as “plant” for capital allowances, or whether the expenditure was on a building or structure can be difficult to resolve but with different allowances for each category, it is important to be sure expenditure is...
The New Structures and Buildings Allowance

The New Structures and Buildings Allowance

In the 2018 Autumn Budget, Chancellor Philip Hammond announced a new capital allowance, the Structures and Buildings Allowance (SBA). The new SBA gives relief for expenditure on certain structures and buildings. Since the abolition of the Industrial and Agricultural...
Considering Enhanced Capital Allowances

Considering Enhanced Capital Allowances

Businesses which invest in energy-saving plant or machinery may be able to take advantage of an additional tax break. Capital expenditure is covered by the Annual Investment Allowance (AIA), which gives full tax relief for capital expenditure in the year of purchase,...
The Bottomline – Issue 1

The Bottomline – Issue 1

We have launched our brand new newsletter, The Bottomline. This edition includes: Considering enhanced capital allowances Funding you business’ needs HMRC warns over tax refund scams Crossing borders: new rules for UK property transactions Making the most of...