August 23, 2011 in Take Pension Release, Taking Pension Early | 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
Portal Tax Claims have once again jumped ahead of the curve with the introduction of its expert online case tracking system enabling clients to follow the progress of their cases anytime, anywhere. Used internally by the firm for a number of years, the bespoke computerised case management system known as Solcase Online has finally been [...]
August 23, 2011 in Take Pension Release, Taking Pension Early | 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
Manufacturers are applauding a key change to the tax regime for capital allowance claims that gives a substantial cash boost to companies that invest in the most up to date machinery. As part of the chancellor’s plans, in the near future companies will be able to claim tax allowances under the ‘short life assets election [...]
August 22, 2011 in Take Pension Release, Taking Pension Early | 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
Manufacturers are applauding a key change to the tax regime for capital allowances that gives a substantial cash boost to companies that invest in the most up to date machinery. As part of the chancellor’s plans, in the near future companies will be able to claim tax allowances under the ‘short life assets election scheme’ [...]
August 22, 2011 in Take Pension Release, Taking Pension Early | 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
In a separate post, we looked at capital allowances that are allowed as a deductible expense for computing taxable income. We noted that capital allowances allow long-term expenditures, such as on buildings, plant & machinery and furniture, to be written off as expenses over their expected useful lives. We noted in particular that computing capital [...]
August 22, 2011 in Take Pension Release, Taking Pension Early | 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
Capital allowances represent the “expensing” of qualifying assets over their useful lifetimes. Because these assets are used over a number of years, treating their whole cost as an expense in the year of purchase will distort operating results. And tax authorities will not allow you to deduct the whole cost from your revenues while computing [...]
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