Capital Expenditure - Getting the Tax Treatment Right

Course Level

Developmental

Delegates

This course will be of benefit to accountants, lawyers and other professionals who advise on, or are involved with, capital expenditure by businesses in the UK.

Course content

The course assumes a basic understanding of tax computations for companies or unincorporated businesses – which can be obtained from either the Corporation Tax Refresher and Update or the Income Tax Refresher and Update - Business Tax.

The course considers the important distinction between revenue and capital expenditure and reviews some practical issues relating to areas of difficulty such as repairs and improvements.

After being relatively stable for over 30 years, capital allowances have seen major changes in the last few years, culminating in much lower rates of allowances on plant, and the abolition of allowances on buildings. This course will ensure that delegates understand the implications of these changes and are aware of the interaction between capital expenditure on plant and buildings under the new regime, and the impact of the new rules on the purchase of business cars and commercial vehicles. The course also considers the tax implications of financing the acquisition of plant and machinery through leasing and hire purchase.

Learning outcomes include a greater understanding of:

• The difference between revenue and capital expenditure and areas of difficulty in practice
• The definitions of ‘plant’ in the Capital Allowances Act 2020 and case law
• Building alterations associated with the installation of plant
• Features integral to a building – the new category of plant introduced in 2020
• The annual investment allowance - how it works and anti avoidance
• Writing down allowances
• The rules for cars
• Recent changes to capital allowances (including the changes relating to fixtures)
• Allowances for leasing (and hire purchase) compared to buying
• Capital allowances buying – anti avoidance



"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."




Course Dates

Location	Dates	Time	Availability
Manchester	05 Sep 2020	9:30 AM - 4:30 PM	Spaces	Book Now
London	01 Dec 2020	9:30 AM - 4:30 PM	Spaces	Book Now
London	24 Mar 2020	9:30 AM - 4:30 PM	Spaces	Book Now
Manchester	14 Apr 2020	9:30 AM - 4:30 PM	Spaces	Book Now
London	20 Aug 2020	9:30 AM - 4:30 PM	Spaces	Book Now
Manchester	21 Sep 2020	9:30 AM - 4:30 PM	Spaces	Book Now
London	09 Dec 2020	9:30 AM - 4:30 PM	Spaces	Book Now