Description
“My favourite book on Capital Allowances is by Ray Chidell with Jex Sutton Associates, published by CCH. The section on buying and selling and S 198 gives a really good overview, and worth putting under the nose of your solicitor when you have read it. It also features an A to Z section of plant and machinery which is also fully referenced to HMRC’s manuals, great for answering ’Any Answers’.” Nichola Ross Martin, AccountingWeb June 07
Maximise the tax relief available to your clients and reinforce the value of your service. In the competitive tax advisory market you have to gain an edge over your rivals. But this is easier said than done!
How will Capital Allowances 2007-08 help you?
- Sets out planning points to ensure best practice, highlighting potential pitfalls and how best to avoid them;
- Covers all UK capital allowances – Plant & Machinery, IBAs, ABAs, Flat Conversion Allowances and all others – to save precious research time;
- References to CAA 2001, appropriate case law, Revenue manuals and other material;
- A – Z commentary on more than 100 items to help you determine whether they can be claimed as plant and machinery;
- Includes a section on buying and selling property – explanations for when and how allowances can be claimed on fixtures and why this needs to be considered before exchanging contracts, and
- Coverage of common areas of difficulty… changes to first year allowances, short and long life assets, anti-avoidance legislation and treatment of storage trades.
Contents
Preface
Introduction and general provisions
Plant and machinery – overview and first principles
Plant and machinery – detailed provisions
Plant and property
Meaning of `plant’
Plant and machinery – A-Z of expenditure
Industrial buildings allowances
Agricultural buildings allowances
Flat conversion allowances
Mineral extraction allowances
Research and development allowances
Know-how allowances
Patent allowances
Dredging allowances
Assured tenancy allowances
Business Premises Renovation Allowances
Appendices
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Ray Chidell
Ray Chidell started his professional career as an Inspector of Taxes, and then worked for 14 years as a tax specialist in two mid-tier accountancy firms, latterly with a six year stint as a tax partner. Early in 2003, he set up as a freelance writer and tax consultant and he now works much of the time for CCH on a number of their flagship tax products.
CCH
CCH enjoys a unique position within the tax, accountancy and business management marketplace. As a leading service provider to the profession we have an unrivalled view of our customers' needs because we produce and deliver solutions that match your individual requirements — from information to training to software.














