Budget 2024 (30th October 2024)

Existing incentives unchanged and future consultations

In her first Budget, Rachel Reeves confirmed that the existing following capital allowances incentives remain unchanged;

Full Expensing (100%) on main pool - uncapped
50% First Year Allowance on Special Rate Pool - uncapped
Annual Investment Allowance (AIA) - £1m
Structures and Buildings Allowances (SBA's) - no changes introduced

The HM Treasury led consultation to be launched in respect of;

Provide updated guidance/clarification to confirm what does and what does not qualify as Plant and Machinery Allowances
Extend Full Expensing to assets acquired for leasing

Our services

Preparation of capital allowances reports

We prepare fully disclosed capital allowances reports for both property acquisitions and enhancement projects.

Strategic advice

We provide strategic advice throughout the property cycle including s198 elections, contributions and land remediation relief.

Due diligence

We liaise with the client and their advisors to ensure that the capital allowances position is protected during the acquisition, disposal and leasing of property.

Initial reviews

We offer a free initial review to establish if a capital allowances opportunity exists. This review is carried out with minimal time and disruption to the client.

Negotiation with the tax authorities

We apply an enquiry mitigation strategy to all of our client work. Our experience and extensive knowledge of tax legislation and case law enables us to assist with potential HMRC enquiries.

See our full range of services

What our clients say

David and the team are very efficient, proactive and always available to assist

Ines Ramirez, Finance Director, Pontegadea

Any apprehension of switching business to Colne were quickly put aside with David's personal and fresh approach to the world of capital allowances.

Hitesh Patel, Group Financial Controller, Barwood Capital

"Colne Capital Allowances provided us with a professional strategic approach"

Paul Crosbie, Fund Manager, M&G

'They consistently deliver a high quality service combined with a personable and professional approach'

Chris Warren, Managing Director - Fund Services, Patrizia

I have always been impressed by their attention to detail, understanding of complex tax legislation and willingness to help

William Munden, Head of Finance, LBS Properties

Their client service is exceptional, always very reactive and responsive

James Deane, Finance Director, Chancerygate

David and his team are efficient and highly responsive

Martin Bramhill, Group Tax Manager, Helical

David has enabled clients to claim all capital allowances they are due

Andrew Noton, Partner - Lubbock Fine

they continue to impress with their professionalism, expertise and timeliness

Michael Hughes, Managing Director - Whirledge & Nott

"The process was seamless and the results outstanding."

David Butcher, Upham Pub Group

"We find their charges very acceptable, and the success rate on our cases has been 100%"

Martin Waller, Investra Capital & Pelham Associates

The relationship gives me peace of mind, support in abundance and a 'can do' attitude

Gill Kreft, Pendine Park Care Organisation

Expert industry insight

Budget 2024 (30th October 2024)

Existing incentives unchanged and future consultations

Get in touch

If you would like to discuss our services in more detail or would be interested in a free initial review please contact us

Contact Us Sunset overlooking a lake with reeds

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London Office
20-22 Wenlock Road
London
N1 7GU

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London Office 0203 603 5250

Colchester Office 01206 820077

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info@colne-ca.com

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Colchester Office
2 Bawley House
Walter Radcliffe Road
Wivenhoe
Colchester
Essex
CO7 9FG

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