New 2% structures and buildings allowance
For further advice on this matter, please contact me.
Related Posts
July 22, 2019
HMRC release draft guidance on Structures & Buildings Allowance (SBA)
In last year’s Budget, the Chancellor announced the introduction of a new capital allowance for new commercial structures and buildings, known as the SBA.
July 10, 2018
Claiming the transferable marriage allowance
The transferrable marriage allowance arrived in 2015 but was widely considered to be a bit of a damp squib as very few couples could claim it and a separate claim needed to be made.
October 17, 2018
Annual investment allowance increased to £1m from January 2019
The Annual Investment Allowance allows businesses tax relief on 100% of qualifying expenditure on plant and equipment, and is currently set at £200,000 per annum.
October 16, 2018
Personal allowance & higher rate threshold to rise from April 2019
The Chancellor confirmed that the government’s target of reaching a tax-free Personal Allowance of £12,500 and a higher rate tax threshold of £50,000 by 2020 will be met one year early, with those amounts being introduced from April 2019.
December 3, 2018
Employment allowance not available to larger businesses from April 2020
The Employment Allowance covers the first £3,000 pa of Employers National Insurance, and is currently available to all but the very smallest employers.
December 3, 2018
KRW: Your property tax experts
Buy-to-let landlords have been under attack in recent years with the 3% stamp duty surcharge, the restriction of tax relief for mortgage interest, and now changes to letting relief.