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,...
Relief for Rental Property Repairs

Relief for Rental Property Repairs

So, you’ve bought a rental property and once extensive repairs have been carried out to bring the property to a habitable state, you assume that you can offset said expenditure against your rents, thus receiving income tax relief? You may be shocked to learn that this...
Are Your Farm Repairs Tax Deductible?

Are Your Farm Repairs Tax Deductible?

When carrying out extensive repairs to maintain their premises a farmer may assume that, without question, these repairs will be offset against the business income received thus reducing the tax bill for the applicable accounting period. HM Revenue and Customs...
The Battle Rages On…

The Battle Rages On…

The ever present, ever contentious issue of capital expenditure versus revenue expenditure has made another appearance in a recent tax tribunal. The case of Hopegear Properties Ltd v HMRC follows on from the Cairnsmill Caravan Park Case in that we see another victory...
Summer 2014 Newsletter

Summer 2014 Newsletter

The Green & Co Summer 2014 Newsletter is now available. Green &Co Summer 2014 Newsletter The focus rests, in particular, on the following areas: Flexible pensions on the horizon PAYE reporting – year two of Real Time Information Increasing ISA limits and the...