From a Capital Allowances viewpoint (and probably from any other viewpoint) this year’s Budget was rather a nonevent. Nearly all the changes to the Capital Allowances regime had already been announced in the 2007 Budget and reiterated in the last Pre-Budget Statement in November 2007. As is, however, always the case with tax, the devil was in the detail!

With the budget failing to provide much new substance to the ongoing brownfield incentives saga, it seems that the Cheltenham Festival was not the only non-event on Budget day.

It is now common knowledge that the EC’s Energy Performance of Buildings Directive, is being implemented for commercial property this year in the form of the Energy Performance Certificates which will be required on the completion, sale or letting of all buildings by the end of 2008, advises leading property tax and finance specialist Davis Langdon Crosher and James.

All Change - A New Capital Allowances Regime for 2008.

Capital Allowances Changes.

We are pleased to announce the launch of our new Capital Assets Management Service for corporate and other commercial property portolio owners.

The Special Commissioner's decision in a case about capital allowances on the refurbishment of public houses was published last week.