How is Depreciation Used in Capital Allowances?

How is Depreciation Used in Capital Allowances?

When it comes to tax relief for business investments in assets, capital allowances play a crucial role. However, one key point of confusion arises from the relationship between depreciation and capital allowances. While both terms relate to the...

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Capital Allowances: An Underused Lifeline for SMEs

Capital Allowances: An Underused Lifeline for SMEs

Maximising Capital Allowances: A Case Study on Transformative Tax Savings for a Medical Practice In the realm of business finance, capital allowances stand as a significant but often underutilised tax relief tool. These allowances can substantially...

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The Abolition of the Furnished Holiday Lettings Tax Regime: A Closer Look at the Impacts and Implications

The Abolition of the Furnished Holiday Lettings Tax Regime: A Closer Look at the Impacts and Implications

The upcoming abolition of the Furnished Holiday Lettings (FHL) tax regime represents a pivotal change for individuals, corporations, and trusts involved in the FHL accommodation sector. Changes will take effect from April 2025 and will align the tax...

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The Leasehold and Freehold Reform Act 2024: Everything you need to know

The Leasehold and Freehold Reform Act 2024: Everything you need to know

The recent enactment of the Leasehold and Freehold Reform Act is a significant development in property law that promises to reshape the landscape of residential property ownership in the UK. This legislation, championed by the Conservative...

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Unlocking Potential with Land Remediation Relief: A Guide for Property Developers and Investors

Unlocking Potential with Land Remediation Relief: A Guide for Property Developers and Investors

Unlocking Potential with Land Remediation Relief: A Guide for Property Developers and Investors For those in property development, finding value and maximising returns often means tackling challenging projects that others might overlook. One...

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Revitalise Your Property Investments with the Business Premises Renovation Allowance (BPRA)

Revitalise Your Property Investments with the Business Premises Renovation Allowance (BPRA)

In the ever-evolving landscape of property investment, savvy investors are always on the lookout for incentives that can enhance the profitability and sustainability of their projects. One such important but often overlooked tool is the Business...

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