.png)
.png)
Issue:
4934
/
Categories:
Comment & Analysis
, AIA
, capital allowances
, furnished holiday lettings
, trading
, WDAs
, Capital allowances
The shipping forecast
Key points
- Furnished holiday let tax reliefs including capital allowances are destined to be abolished from 2025.
- Where neither the super-deduction nor full expensing are available the AIA remains available on qualifying main and special rate pool plant and machinery.
- A fixtures claim which is heavily skewed towards the special rate pool items and at only WDA rates will sometimes look poor value.
A business had acquired a property for £1.3m and we obtained a quick and full corporation tax refund of £70 000 on the fixtures value of the building before the time limit for annual investment allowance (AIA) expired.
But the exact same building and claim could have a very different tax cash flow outcome depending on the circumstances of the company and when it purchased the building. Length of the accounting period time limits new or second-hand expenditure and...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
