The missed opportunities of capital allowances by White Knight Associates

11/11/11

White Knight Associates believe the main messages regarding capital allowances is that this it is neither a tax avoidance scheme nor a recent loophole that HMRC are unaware of and will not regard with suspicion. The primary aim of the UK statutory law dating back to 1878 was to allow commercial property owners to improve their property and the provision of this benefit holds as true today as it did then.

WK Associates found that the law has been revised and refined over recent years and was simplified in a major way in 1971 to eliminate record-keeping and other issues a further simplification in 1984 we saw the elimination of initial and first year allowances, there have been further revisions in 1990 and the current legislation White Knight Associates are working to is the Capital Allowance Act 2001.

Author: Barry Williams

White Knight Associates act as an introducing agent to PTC.

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