Changes to Tax Relief for purchases and Plant and Machinery

There are a number of changes to come regarding capital allowances, the tax relief obtained on the purchase of plant and machinery. Annual Investment Allowance (AIA) The AIA provides a 100% deduction for the cost of most plant and machinery (not cars) purchased by a business up to an annual limit and is available to […]

Personalisation in the Care Sector – What is it? How Does it Work? Albert Goodman Care Briefing (March 2014)

Personalisation is a social care approach described by the Department for Health as meaning that every person who receives support whether provided by the statutory services or funded by themselves, will have choice and control over the care they receive in all care settings. Care is built around the specific needs of each individual rather […]

Maximising tax relief on work to the farm

A particularly difficult area in our tax system is the question of whether expenditure on the farm is revenue or capital expenditure. Revenue expenditure reduces the profits in the business before tax is charged. However, tax relief for capital expenditure is often not received until the farming asset is sold. The margin between whether work […]

Budget 2014 changes

I have pleasure to enclose our summary of the changes (some only proposed at this stage) announced in the Chancellors recent Budget. Whilst there have been no changes to the Lifetime Allowance, Annual Allowance or contribution rates this year it has certainly been a significant year for pensions and caught the whole pensions industry by […]