Capital allowance is the deduction available to UK tax payers while computing taxable income. In UK, depreciation is not an allowable expense and its place is taken by capital allowance. Both depreciation and capital allowance become applicable when you buy long-term assets for business purposes. Buildings, plant & machinery and furniture are examples of such [...]

In other articles we have seen that when a disposal event occurs, taxpayers are subjected to a balancing charge or allowed a balancing allowance. A balancing charge involves charging back excessive capital allowances claimed and balancing allowance provides relief for claims that are short. Capital allowances are considered excessive when the disposal value is more [...]

If you are a person who owns furnished holiday lets in UK or Euro zone, you can reduce the tax you pay not only on the rents of property but also on the salaries and dividends you receive in UK. The savings can be substantial and can help cope with low exchange rates and weak [...]

Hundreds of Burbank city employees have received a collective $4 million in bonuses since July 2007, according to documents the city fought in court to keep out of public view. A Los Angeles County Superior Court judge in May ordered city officials to release bonus pay amounts for individual employees to the Burbank Leader, which [...]

In a new article sceptically entitled ‘Real Estate Recovery?’ Peter Lloyd noted “Then there was a very interesting article in a UK Sunday newspaper which listed Thailand as having the world’s third highest price rises in the first 3 months of this year recording a 2.7% increase (Jersey and Finland with 5.6% and 4% increases [...]

DSR Asset Management report that Investors large and small are flocking to Australia looking for investments with security and good returns. In one of the few hotel transactions to occur in Australia 2009, the Holiday Inn Adelaide has sold to Malaysian group, Hotel Grand Chancellor, for approximately $35million. “Despite the current economic climate, the Adelaide [...]

“The awe-inspiring rebound in Canada’s housing market just keeps rolling along,” said BMO Capital Markets deputy chief economist Douglas Porter. National home sales soared 18 per cent, year-to-year, in the third quarter to a total of 135,182 units, on an unadjusted basis, and average prices rose 13.6 per cent in September from a year earlier [...]

Thompsons, the travel giant have announced new routes in their premier range, the crème de la crème of package holiday experiences. One of the new packages is to Samana in the Dominican Republic, which is great news for the Caribbean Republic trying to emerge onto the global property scene. The announcement will help the Dominican [...]