In Philip Hammond’s second Autumn Budget, there were some welcome additions and some notable changes in respect of capital allowances. These are summarised below. Structures and Buildings Allowances (SBA) A new 2% straight-line capital allowance is available for the construction of new non-residential commercial buildings and structures. The tax relief will also be available for … Read more
In today’s first Conservative Budget for almost 20 years, there were a few changes impacting the capital allowances regime. Annual Investment Allowance (AIA) The 100% AIA is currently £500,000. Rather than fall to £25,00- it will become £200,000 on 1 January 2016, with the commitment to this being a permanent level. As with previous changes … Read more
In a generally positive Budget, a number of changes were announced as follows: Annual Investment Allowance (AIA) The 100% AIA was due to fall to £25,000 on 1 January 2015. It has now been increased from £250,000 to £500,000, covering the period from April 2014 to31 December 2015. There are transitional provisions, the impact of … Read more
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