A person who buys commercial property can claim capital allowances on the
embedded fixtures. Few take full advantage of this opportunity, even though
the cash savings can be huge. Recent changes to the tax rules mean that this
must now be considered before contracts are signed – leaving the analysis
until later may mean that the buyer cannot claim any allowances at all.
UK resident non-domiciled individuals are now able to remit overseas income and gains to the UK for certain qualifying business investments without creating a taxable remittance. Previously, offshore income and gains may have been ring-fenced so that they were not brought into the UK and taxed accordingly.