August 23, 2011 in Private Pensions | Tags: agricultural products, assisted areas, business premises, capital allowance, coal industry, commercial buildings, derelict, disadvantaged area, fisheries, hmrc, isles of scilly, milk products, north cornwall, northern ireland, pembrokeshire, relevant trade, renovation, shipbuilding, steel industry, tax allowance
Section 198 of the Capital Allowances Act 2001 has a major significance for property transactions. If the seller of the property has claimed capital allowances on any fixtures of the building, the tax relief enjoyed as a result might have to be paid back if the seller does not elect to file an Election Notice [...]
August 22, 2011 in Private Pensions | Tags: agricultural products, assisted areas, business premises, capital allowance, coal industry, commercial buildings, derelict, disadvantaged area, fisheries, hmrc, isles of scilly, milk products, north cornwall, northern ireland, pembrokeshire, relevant trade, renovation, shipbuilding, steel industry, tax allowance
Until April 2008, small and medium enterprises were eligible to a first year allowance (FYA) of 40 or 50 percent on plant and machinery. FYA has now beer replaced with Annual Investment Allowance (AIA) that is available to large as well as small and medium enterprises. However, FYA is still available to businesses engaged in [...]
August 16, 2011 in Private Pensions | Tags: balancing charge, capital allowance, capital allowances, charitable organisations, developers, dwn, election notice, elections, hmrc, occurrence, plant and machinery, plant machinery, section 198, tax implications, tax relief
When a person engaged in a “qualifying activity” as defined under section 15 of the Capital Allowances Act sells a building, it can have very serious tax implications both for the buyer and seller. By looking at the issues carefully, it is possible to arrive at a sale agreement that is advantageous to both the [...]
August 15, 2011 in Private Pensions | Tags: average income, best suit, intervals, investments, lump sum, pension schemes, pensions contributions, private pension, private pensions, relevant tax, relevant uk, retirement, s market, shortfall, tax advantage, tax payer, tax relief, uk adult, uk earnings
A pension is a type of saving wrapper that multiple investments can be held under in which an individual may save up a fund to draw income from upon their retirement. It is recommended by the Government that you begin saving for a pension, private pensions or otherwise, at the earliest point you are able [...]
Buy Property is proudly powered by
WordPress and Clean News Theme by Code & Stuff.
Entries (RSS)
and Comments (RSS).
| Valid XHTML