All posts by Jim Hillan, Tax Partner, CMS

In his Budget speech on 29 October the Chancellor of the Exchequer, Philip Hammond, announced significant changes to the UK’s capital allowance regime.  Briefly, these changes were: The introduction of a new Structures and Buildings Allowance giving tax relief for the cost of non-residential structures and buildings; The reduction of the “special” rate of capital … Continue reading Budget 2018 – Capital Allowances