This short book is written for business owners, rather than specifically for their accountants or other professional advisers. It is by way of an introduction to the topic of capital allowances, designed to give proprietors an overview of the issues: what allowances are, whether they are worth claiming, the issues arising in particular cases, and the merits or otherwise of using specialist advisers. It has chapters on both buying and selling property and on checking whether claims are likely to have been missed for property that is already owned.
The book reflects all the key changes introduced in 2012 (and those that are already in place but will come into force in 2014), and even includes the surprise increase in the rate of annual investment allowances from 1 January 2013. The book replaces the titles previously published for specific trades (care homes; hotels, pubs and restaurants; dentists). It continues to use examples from such businesses, but the issues are broadly the same for each type, so the decision was made to create a single volume. An appendix includes a greatly expanded list of typical items of plant and machinery.
In summary, the book is designed to alert business owners to opportunities and pitfalls and to allow them to check whether significant claims may have been missed. It is not intended to be a comprehensive guide to claiming capital allowances and is not highly technical, though it does contain statutory and other references by way of footnotes.
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