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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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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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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