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Category Archives: Uncategorized
What is Capital Allowance?
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 … Continue reading
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Tagged 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
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Plant & Machinery Disposal Events
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 … Continue reading
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Tagged 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
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Pension Release for over 55
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 … Continue reading
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