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Filtered By Category: Property & Construction

Jun 13 2019

10 ways we can help clients in the construction sector

Categories: Property & Construction

Whether you have your own business, or are an independent contractor, the construction industry can expose you to various tax implications, as well as tax opportunities. Our EQ Property and Construction team have amassed expert knowledge, and valuable experience, from their construction clients and are on hand to help with a range of issues from more

May 7 2019

How to avoid the Annual Investment Allowance trap

Categories: Property & ConstructionTaxation

Following on from our previous article regarding the recent changes in the Annual Investment Allowance (AIA), businesses need to be careful as any qualifying capital expenditure falling within the allowance could be eligible for 100% tax relief. Below is a more detailed explanation of how you can avoid the AIA trap. On 1 January 2019, a more

Apr 9 2019

Construction Sector Uncertainty

Categories: Property & Construction

Construction is an important part of the UK economy and often serves as an economic barometer. Although the second half of 2018 was tough for the UK construction sector, recent data has shown signs of improvement. Although the UK Construction Output was expected at -0.3% for January 2019, it was reported at 1.8%. This is a vast more

Mar 8 2019

Construction company vehicles – How much tax relief can you claim?

Categories: Property & Construction

When it comes to claiming capital allowances, there seems to be some uncertainty, especially knowing which vehicle expenses are tax deductible. The first question that needs to be considered is – what type of vehicle do you need for your business? Heavy plant/machinery vehicles (Cranes, Bulldozers, Forklifts, Excavators,Diggers and any heavy-duty vehicle, specially designed for executing more

Feb 22 2019

Construction in 2018/19

Categories: Property & Construction

With the Brexit deadline fast approaching, and with it the continuing uncertainty, the UK construction industry output for 2018 is expected to be lower than 2017. 2018 has been a challenging year, with the Carillion collapse at the start of the year having a domino effect on the sector, resulting in an increase in the more

Nov 16 2018

Capital Allowances for Structures and Buildings

Categories: Property & ConstructionTaxation

The Chancellor announced at the 2018 budget that the government will introduce a new Structures and Building Allowance (SBA) for new non-residential structures and buildings. Relief will be provided on eligible construction costs incurred on or after 29 October 2018. The key features of the SBA are – Relief to be given at a flat more

Sep 17 2018

VAT changes within the construction sector coming late 2019

Categories: Property & Construction

VAT fraud within the construction sector is costing the Exchequer around £100m a year with the cases of fraud generally occuring between the sub-contractor and the contractor. The sub-contractor provides the contractor with labour and charges VAT on the supply. The sub-contractor collects the VAT from the contractor, but then disappears without paying it over more