The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
A capital allowances review is a detailed review of expenditure with the aim of claiming the optimum amount of capital allowances. Examples of opportunities for conducting a capital allowances review include:
Ideally, clients would contact their tax advisers at the first opportunity to discuss planned expenditure at an early stage, however tax planning is not always a high priority. The key action is to always talk to clients in order to find out how their business is developing and identify opportunities for value-added work such as capital allowances reviews.
For further guidance relevant to capital allowances reviews, see the following guidance notes:
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