London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

New Capital Allowance rules on fixtures

From 1 April 2014 all purchasers of second hand property must consider Capital Allowances.

If the seller has claimed full Capital Allowances an election should be made at an agreed disposal value.  If no election is made or the parties cannot agree on the transfer value an application to the Tax Tribunal for a direction must be made within 2 years.

If the seller has not claimed all available Capital Allowance then the seller should consider if they wish to claim these before disposal or extract value and market them on.  For the buyer to claim allowances these need to be quantified and the seller needs to claim for these.










Date: 23rd May, 2014
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn