TITLE

Fix up that shop and save cash

AUTHOR(S)
Weller, Arthur
PUB. DATE
July 2005
SOURCE
EG: Estates Gazette;7/2/2005, Issue 526, p128
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the business premises renovation allowance scheme being proposed by the British government to provide capital allowances for the capital costs of renovating or converting unused business premises in disadvantaged areas. Requirements in order for a building to qualify for the scheme; Definition of qualifying expenditure; Qualifications of a landlord entitled to an income tax deduction.
ACCESSION #
17662396

 

Related Articles

  • Claims for Capital Allowances and Losses Brought Forward.  // Accountancy;Nov70, Vol. 81 Issue 927, p802 

    Offers advice regarding claims for capital allowances and losses brought forward in Great Britain.

  • TAX POINTS. Foreman, Tony; Lazda, Angela // Accountancy;May94, Vol. 113 Issue 1209, p113 

    This article explains that landlords and capital allowances are contained in a paper published in the January 1994 issue of "TAXLine" periodical. A landlord is treated as if he is carrying on a notional trade of leasing the machinery and factory. In instances where the landlord incurred...

  • CHAPTER 9: Deducting Cars, Computers, and Other Long-Term Assets. Fishman, Stephen // Real Estate Agent's Tax Deduction Guide;12/1/2012, p153 

    The article presents information on how real estate agents in the U.S. can get tax deductions for buying long-term property for their business. It is said that a long-term asset, also called capital expense, is expected to last for more than one year, and it generally includes office furniture,...

  • WHITHER THE CORPORATE TAX?: REFORM AFTER ACRS. Auerbach, Alan J. // National Tax Journal;Sep82, Vol. 35 Issue 3, p275 

    This article evaluates the changes in depreciation allowances introduced by the Accelerated Cost Recovery System (ACRS) in the U.S. The personal income tax without indexing contains automatic tax increases because of its progressive marginal rate structure. ACRS replaces a system of depreciation...

  • CHAPTER 12: Hiring Help. Fishman, Stephen // Every Landlord's Tax Deduction Guide (9781413317688);12/1/2012, p281 

    The article presents information on tax rules that apply to landlords who hire people to help in running their rental business, and also discusses how landlords can comply with those rules. The money paid to a worker may fall in one of three categories including operating expenses, start-up...

  • CHAPTER 15: Vacation Homes. Fishman, Stephen // Every Landlord's Tax Deduction Guide (9781413317688);12/1/2012, p343 

    The article presents information on tax rules related to vacation homes in the U.S., which are rented out for part of the year. Operating expenses and depreciation for a rental property do not qualify for tax deductions if the home, condominium, or other real property is being used by the...

  • Capital allowances - the meaning of 'belong.'.  // Accountancy;May84, Vol. 95 Issue 1089, p28 

    Reports on several court cases involving the taxation of capital allowances in Great Britain compiled as of May 1984. Claims of capital allowances on the cost of installing plant, fixtures and fittings; Allowance for wear and tear; Provisions of policies on capital expenditure.

  • Cost Engineering and Cost Segregation Studies. Babcock, Calvin H. // AACE International Transactions;2003, preceding p1 

    This article focuses on cost engineering and cost segregation studies. Cost engineering principles have become the foundation of a small, yet vibrant industry, called cost segregation. A cost segregation study is a comprehensive engineering analysis of a commercial property that greatly...

  • IRC-179 Tax Rule Could Help Businesses Expense up to $25,000 in Work Truck Purchases.  // Trailer/Body Builders Exclusive Insight;10/29/2014, p1 

    The article informs that U.S. Internal Revenue Code, Section 179 allows businesses to spend up to 25,000 dollars in tax year 2014 for certain capital expenditures, including commercial work trucks like the FUSO Canter FE/FG Series. IRC-179 allows a taxpayer to elect to treat the cost of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics