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Don’t trip up


Tread carefully when buying commercial property


  • Eligibility for capital allowances can be an effective discount in the price of property.
  • Capital allowances claims may fail if the pooling requirement is not satisfied.
  • The application of the fixed value and disposal value requirements.
  • Making a relevant apportionment with a joint election under CAA 2001 s 198.
  • Ensuring that the correct information passes from vendor to property purchaser.
  • The acquisition of properties from non-taxpaying sellers.

You receive a phone call from your client Fred: “I’ve bought new business premises – completed yesterday. It was a really good deal and I should get lots of capital allowances because they carried out a major refurbishment only in the past couple of years.”

“OK Fred that’s really great. What did you include in...

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