Owner-Managed Businesses Guidance
Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the...
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in...
Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying...
Definition of capital allowancesIn the broadest sense, capital allowances are a form of tax-approved depreciation. Depreciation, as calculated...
This guidance note looks at how trading profits of sole traders and partnerships are calculated for income tax purposes. Additional special rules...
The annual investment allowanceThe AIA gives a 100% first year allowance for investment in plant and machinery (excluding cars). It is intended to...
The Simplified cash basis for small businesses guidance note explains the criteria to be able to use the cash basis and the Simplified cash basis...
IntroductionA capital allowances review is a detailed review of expenditure with the aim of claiming the optimum amount of capital allowances....
Valuation of stockFor tax purposes, stocks or inventories (as it is called under FRS 102 and IAS) are generally valued at the end of an accounting...
Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases,...
Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying ‘energy-saving plant or...
Definition of capital allowancesIn the broadest sense, capital allowances are a form of tax-approved depreciation. Depreciation, as calculated under GAAP, is not an...
This guidance note looks at how trading profits of sole traders and partnerships are calculated for income tax purposes. Additional special rules apply for very small...
The annual investment allowanceThe AIA gives a 100% first year allowance for investment in plant and machinery (excluding cars). It is intended to encourage greater...
The Simplified cash basis for small businesses guidance note explains the criteria to be able to use the cash basis and the Simplified cash basis expenditure guidance...
IntroductionA capital allowances review is a detailed review of expenditure with the aim of claiming the optimum amount of capital allowances. Examples of opportunities...
Valuation of stockFor tax purposes, stocks or inventories (as it is called under FRS 102 and IAS) are generally valued at the end of an accounting period at the lower of...
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