Tolley’s Capital Allowances 2011-12

Tolley’s Capital Allowances is a detailed and practical guide that contains all the information you need in one convenient reference source. With the recent major reforms to the Capital Allowances regime, the book is fully updated with the new changes.

What’s New to Tolley’s Capital Allowances 2011-12:

• Changes to the short-life assets rules, extending the period of the election from four to eight years
• Changes to existing anti-avoidance rules
• Reduction of the annual investment allowance to £25,000 for 2012 onwards
• Reduction of writing-down allowances on plant and machinery to 18% for 2012 onwards plus details of the transitional rules
• Includes new section on Tax Planning by John Endacott, Tax Partner at Francis Clark Chartered Accountants

Benefits of Tolley’s Capital Allowances

• Full reference to relevant case law, HMRC Practices and Concessions is included in this volume of Tolley’s Capital Allowances
• Numerous worked examples
• Contains latest cases, Special Commissioners' decisions and HMRC pronouncements

In response to the abolition of capital allowances on industrial and agricultural buildings for 2011, Tolley’s Capital Allowances has been extensively rewritten to include more practical tax planning commentary.

We have also taken this opportunity to restructure the text, bringing it more in line with the Tolley’s Tax Annuals and making it easier for you to find the information you are looking for.