Capital allowances changes—what do you need to know?

Table of contents

• Original news
• What are the changes coming into effect at the beginning of April?
• Which types of transaction will be affected?
• Does the pooling requirement apply to all second-hand fixtures?
• What happens if the pooling requirement applies, but is not complied with?
• Do you expect sellers to be amenable to helping buyers in this way?
• What advice would you give to lawyers representing buyers who are affected by the new rules?

Article summary

Tax analysis: How will the new pooling requirement affect capital allowance claims for income and corporate tax purposes? Mark Watterson, corporate tax lawyer at Simmons & Simmons, explores this requirement and its implications for buyers of second-hand fixtures.