When do glamping pods qualify for capital allowances?
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options
Capital allowances for partnerships
HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirming that all partners subject to corporation tax are eligible for enhanced capital allowances.
All change for capital allowances
The ‘super deduction’ capital allowances, which provide companies with a deduction of 130% of the cost of new plant and machinery, will end for expenditure incurred after 31 March 2023 as scheduled.