Capital Allowance Planning

Are you a tax paying business in the UK? If you own a property you could be eligible for capital allowances for an individual, partnership, company, trustee or overseas investor.

Capital allowances are normally given as a deduction so that you can benefit from cash flow, calculated using your profits against corporation or income tax. This claim can take up to 12 months, which we can plan according to your personal needs.

At Lancaster Haskins we aim to understand the needs of both you and your business, we will evaluate your eligibility and advise you on the different types of capital allowance; to find which strategy is most beneficial to you and your business.

Budget March 2024

1 month ago

In past years, the annual Budget was shrouded in secrecy. No one was supposed to know what was in the Red Box that the Chancellor held up outside 11 Downing Street on his way to Parliament. There was an element of suspense. Now it seems that most of the proposals were predicted in the morning papers – the television pundits were reduced to speculating whether Jeremy Hunt would produce ‘a rabbit from his hat’, but it turned out that the hat only contained what was expected.

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Autumn Statement November 2023

5 months ago

In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over a year after the tax cuts announced by Kwasi Kwarteng were judged imprudent by the international markets, contributing to a fall in the value of sterling and increases in interest rates. Nevertheless, it seemed that a side effect of inflation was that higher incomes and prices had fed through into higher tax receipts; the Chancellor had more in his coffers – more ‘fiscal headroom’ – than had been predicted in the Spring, and commentators were suggesting what he might do with it.

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Lancaster Haskins

Lancaster Haskins

Lancaster Haskins