CPD Hours: 1

Recorded 21st June 2021.

The webinar is intended to provide members with an up-to-date refresh on the fundamentals of claiming capital allowances for property expenditure. It will focus on both technical and practical issues relating to claiming allowances for property fixtures. The seminar should be of particular interest to those in small and medium sized practices, those working in industry and advisers to SME businesses and landlords. 

Part 1 – Capital allowances overview

• Main types of capital allowances available for property
• Indicative qualifying ranges for different types of projects
• Wear and tear allowances overview
• Accelerated capital allowances overview
• Industrial building allowances overview
• Claiming tax deductions for repairs on refurbishment projects

Part 2 – Legislation and case law basics

• Entitlement conditions
• Relevant case law
• Tests used to determine what qualifies as plant
• Burden of wear and tear

Part 3 – Identifying and quantifying capital allowances

• Process for claiming loose equipment/chattels
• Process for claiming plant and machinery fixtures attached to buildings
• Claims for the purchase of an existing building (i.e. a just apportionment claim)
• Capital projects – quantifying and optimising claims
• Case study examples of different types of claims.

Part 4 – Opportunities and Risks

• Issues to look out for relating to claims for property expenditure
• The benefit of making such claims