Colne Capital Allowances provide a specialist property tax service to a broad range of clients from owner occupiers, high net worth individuals, property investment companies, tenants, landlords, commercial property agents and accountancy firms.

Colne Capital Allowances have a team of consultants all of which have combined quantity surveying and tax expertise.

We have offices in London and Essex providing advice to companies and individuals across the UK.
Annual Investment Allowance – Reduced - 1st January 2016
  • The Annual Investment Allowance represents an accelerated tax relief on qualifying expenditure.
  • From the 1st January 2016 the Annual Investment Allowance was reduced from £500,000 to £200,000.
  • This change means that it has become even more important to appoint a genuine capital allowances expert to identify the correct level of qualifying expenditure available.

New Changes - Finance Act 2012
The Finance Act 2012 received Royal Assent on the 17th July 2012 and includes a number of important changes to the capital allowances regime and other property related tax reliefs.

Summary of main changes

1. Fixtures
  • New pooling requirements – pooling prior to disposal (after 1/6 April 2014)
  • New fixed value requirement – change of ownership (after 1/6 April 2012)
  • New disposal value statement – past owner (after 1/6 April 2012)

2. Land Remediation Relief – to be retained
3. Flat Conversion Allowances – to be abolishedfrom April 2013
4. Enterprise Zones – Enhanced Capital Allowances for designated assisted areas
5. Enhanced Capital Allowances – not available where payments are received under the feed-in tariff or renewable heat incentive
6. Business Premises Renovation Allowances – extended to 31 March 2017 and new rules on claiming plant and machinery allowances
    upon change of ownership

For more information please contact David Nutt on 01206 820077 or email david@colne-ca.com

Colne Limited (Registration Number 07851924) Registered office address: 4 & 5 The Cedars, Apex 12, Old Ipswich Road, Colchester, Essex CO7 7QR
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