Hoteliers of the UK - have you heard of Capital Allowances?

Capital Allowances are a High Value/Low (No) Risk way of realising a short-term cash injection or medium-term tax benefit for your hotel or hospitality business.  They allow Hotels to reduce its profits using allowances granted for items that are used by the business but embedded within the fabric of the building itself. ...

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No! Nein! Non! Why you should not do a Capital Allowance claim.

The Capital Allowances system allows a business to write off the cost of certain capital assets against taxable income.  To many people, it is deeply unfamiliar, even though the building blocks of it are under their nose on a day-to-day basis.  We have certain feelings about unfamiliar things; Suspicion? A need to reject? A desire to move on quickly? We understand.  This article will go through the reasons why you should not do a Capital Allowance claim and why, each time, you might re-consider....

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2020 - The Summer of the Staycation

Haven Holidays have reported an increase in bookings at their parks of 96% compared to last year and demand for camping sites in Devon has increased by 140% over the last few weeks. All of this will be manna from heaven for those operators and owners, large and small, looking to recoup revenues lost to the lockdown.  Many will come out with increased revenues year on year with great demand spurred by the fear of a second wave being imported from Europe....

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Commercial Property in Pensions – have you been an unknowing victim of bad advice?

For a business owner who owns their premises, it makes eminent sense to contribute it to a pension fund or buy it with transferred and borrowed capital and then lease it back to the business.  It is a well-trodden path and quite rightly so. If you have entered into such a transaction in the last 13 years, then you have probably lost out.  I'm here to tell you that we can help you find out the extent of it, hold someone to account, and make you good....

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A Capital Allowance with No Capital Investment? Surely not...

Capital Allowances are a tricky beast to get your head around.  At first look they seem counter-intuitive like the commercial property owner is double-dipping and abusing a gaping wide loophole in the tax system.  That is of course, not true.  Capital Allowances have been on the statute book since 1878 and have been through several iterations since then. ...

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Rufus & George – Capital Allowances, 4 The Oaks, Clews Road, Redditch, B98 7ST