26 October 2017

Capital expenditure - getting the tax treatment right


An insight into the major changes to the capital allowances regime in recent years, the distinction between capital and revenue expenditure and other aspects of capital projects

Who should attend?
Accountants who advise on, or are involved with, capital expenditure by businesses in the UK.

What you will gain
Capital allowances, after being relatively stable for over thirty years, have seen major changes in the last few years, culminating in much lower rates of allowances on plant, and the abolition of allowances on buildings. This course considers the important distinction between revenue and capital expenditure, reviews some practical issues relating to areas of difficulty such as repairs and improvements and will ensure that you:

  • understand the implications of these changes
  • appreciate the interaction between capital expenditure on plant and buildings under the new regime
  • grasp the impact of the new rules on the purchase of business cars and commercial vehicles
  • are aware of the tax implications of financing the acquisition of plant and machinery through leasing and hire purchase.

Programme outline

  • The difference between revenue and capital expenditure and areas of difficulty in practice.
  • The definitions of 'plant' in the Capital Allowances Act 2001 and case law.
  • Building alterations associated with the installation of plant.
  • Features integral to a building - the new category of plant introduced in 2008.
  • The annual investment allowance - how it works and anti avoidance.
  • Writing down allowances.
  • The rules for cars.
  • Recent changes to capital allowances (including the changes relating to fixtures).
  • Allowances for leasing (and hire purchase) - compared to buying.
  • Capital allowances buying - anti avoidance.

The course assumes a basic understanding of tax computations for companies or unincorporated businesses - which can be obtained from either Corporation tax refresher and update or Income tax refresher and update - business tax.

The course starts at 9.30am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

Booking Information

Date Location Price
26 October 2017 - 09:30 Manchester Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
20 December 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.

Capital expenditure - getting the tax treatment right

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If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

The venue for this course will be confirmed 14 days before the scheduled date. 

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