Investment Property Taxation, Planning & Restructuring – Read and listen to what the experts say

We recently ran an event where a panel of experts discussed some of the issues around the incorporation of your Buy-to-Let property portfolio. We covered many different areas, specifically those that perhaps your own advisors are reluctant to answer. One area that was prominent during the discussion was the new super deduction and special rate allowances and we wanted to share with you a recent article, written by Nolan Masters from Veritas. One if his colleagues, Clive Curd was one of the panellists and therefore we felt this article was particularly relevant.

Nolan Masters, director at Veritas Advisory and a capital allowances specialist sets out how the new super deduction and special rate allowances will affect property owners, occupiers and investors. He writes:

“In an unexpected offer of generosity, as part of the spring Budget, temporary ‘super’ capital allowances were given royal assent on 10 June 2021 with a view to kick start the post Covid-19 recovery.

There are two temporary first year allowances (FYAs) for new capital expenditure incurred from 1 April 2021 to 31 March 2023, for contracts entered into after 3 March 2021, click here for more information

The allowances are claimable by corporate taxpayers and include non-resident landlords (who have to be corporates), but not individuals and partnerships. Note that the latter can still benefit from the standard rates of relief plus the annual investment allowance (AIA) which stands at £1m for expenditure on both main pool and special rate pool items until the end of December 2021, after which it drops back to £200,000…”

To read the full article click here.

If you were not able to join us for the event but would like to listen to it, please click here.

If anything raised in the article of the webinar is of interest to you and you would like to discuss more please contact us.