Capital Allowances

This provides a complete guide to capital allowances, using worked examples to show how maximum benefits can be achieved. The book shows how to maximize the costs claimed for capital allownaces, demonstating how tax savings can be achieved. The text describes allowances available on acquisition and during ownership of capital assets, examines the effect of sale or their disposal, and explains the relationship between capital allowances and losses. As statute law was consolidated in the Capital Allowances Act 1990, the section on losses has been expanded. This text is now up-to-date to the Finance Act 1993. Written to assist practitioners, this book provides examples and case studies to show how benefits can be enjoyed. The interaction of the capital allowances legislation with other taxes, particularly capital gains tax and VAT is considered in some detail.
 
This provides a complete guide to capital allowances, using worked examples to show how maximum benefits can be achieved. The book shows how to maximize the costs claimed for capital allownaces, demonstating how tax savings can be achieved. The text describes allowances available on acquisition and during ownership of capital assets, examines the effect of sale or their disposal, and explains the relationship between capital allowances and losses. As statute law was consolidated in the Capital Allowances Act 1990, the section on losses has been expanded. This text is now up-to-date to the Finance Act 1993. Written to assist practitioners, this book provides examples and case studies to show how benefits can be enjoyed. The interaction of the capital allowances legislation with other taxes, particularly capital gains tax and VAT is considered in some detail.