Capital Allowances

Capital Allowances

The definition of ‘plant and machinery’ for capital allowances purposes is something of an old chestnut, but recent case law has added a little new spice. Here Jake Iles and Ray Chidell explains all   Many tax practitioners, if asked…

Capital or Revenue

Capital or Revenue

Ben Chaplin explains tax reliefs for property letting businesses, summarising the main factors to be considered   Repairs and renewals expenditure incurred in a property letting business will either be treated as a revenue expense, which is generally allowable as…

Don't Lose Control

Don’t Lose Control

Mark McLaughlin warns that making gifts in the wrong order can result in the loss of a valuable inheritance tax relief on certain assets such as business premises   Business property relief (BPR) for inheritance tax (IHT) purposes is perhaps…

Into the Unknown

Into the Unknown

Ben Chaplin examines what Donald Trump’s shock election victory in the US could mean for post-Brexit Britain   Donald Trump’s US election victory is the biggest political earthquake in modern times and shook the world to its core, even dwarfing…