Martin Wilson#4928

Martin Wilson

A former Chartered Accountant, now retired, Martin is the author of more than a dozen books on capital allowances, including Bloomsbury Professional's Capital Allowances: Transactions and Planning. Martin co-founded The Capital Allowances Partnership Limited after 15 years with leading accounting firms, where he headed up the specialist capital allowances practice. He has personally advised some of the UK's leading companies, as well as a myriad of private investors, both in the UK and overseas.
Contributed to

10

Capital allowances on property sales—pre-contract enquiries
Capital allowances on property sales—pre-contract enquiries
Practice Notes

This Practice Note contains guidance on the practicalities of capital allowance related pre-contract enquiries on a property sale or acquisition. It provides assistance in understanding replies to pre-contract enquiries (CPSE.1) on this topic, and in knowing when to insist on further information. This Practice Note was produced in partnership with Steven Bone and Martin Wilson.

How plant and machinery allowances are claimed—corporation tax
How plant and machinery allowances are claimed—corporation tax
Practice Notes

This Practice Note explains how capital allowances for plant and machinery are calculated for corporation tax purposes. It covers qualifying expenditure, pooling and writing-down allowances, the mechanics of claiming, or disclaiming, allowances, and the uses to which allowances may be put. It describes balancing charges and allowances, disposal events and disposal values, and time limits for making and amending claims. This Practice Note was produced in partnership with Steven Bone.

How plant and machinery allowances are claimed—income tax
How plant and machinery allowances are claimed—income tax
Practice Notes

This Practice Note explains how capital allowances for plant and machinery are calculated for income tax purposes. It covers qualifying expenditure, pooling and writing-down allowances, the mechanics of claiming, or disclaiming, allowances, and the uses to which allowances may be put. It looks at the reasons a taxpayer might not want to claim allowances, and the restrictions on using trading losses generated by capital allowances. This Practice Note was produced in partnership with Steven Bone and Martin Wilson.

Plant and machinery allowances—definition of plant and machinery
Plant and machinery allowances—definition of plant and machinery
Practice Notes

This Practice Note describes the meanings of the terms plant and machinery for the purposes of the tax rules on capital allowances. It covers the case law on the meaning of plant and the statutory limitations to the definition relating to buildings and structures, and the special rules on integral features. This Practice Note was produced in partnership with Martin Wilson.

Plant and machinery allowances—fixtures
Plant and machinery allowances—fixtures
Practice Notes

This Practice Note explains the capital allowances rules for plant or machinery that is classified as a fixture, such as lifts, central heating equipment and boilers. It covers the meaning of a fixture, the special rules on who can claim allowances on fixtures, and how allowances on fixtures are calculated. This Practice Note was produced in partnership with Steven Bone and Martin Wilson.

Plant and machinery allowances—integral features
Plant and machinery allowances—integral features
Practice Notes

This Practice Note explains the capital allowances rules for plant or machinery that is classified as an integral feature, such as electrical, cold water and heating systems. It covers the meaning of an integral feature, the tax treatment of repairs to integral features, and relevant anti avoidance rules. This Practice Note was produced in partnership with Steven Bone.

Plant and machinery allowances—types and rates
Plant and machinery allowances—types and rates
Practice Notes

This Practice Note describes the types of expenditure that will qualify for capital allowances on plant and machinery, and the different rates at which relief is given. It provides guidance on the super-deduction, full expensing, the annual investment allowance, enhanced capital allowances, short-life assets, conventional plant and machinery allowances, integral features and long-life assets. This Practice Note was produced in partnership with Steven Bone.

Structures and buildings allowances
Structures and buildings allowances
Practice Notes

This Practice Note is about the capital allowances for expenditure on non-residential structures and buildings. This Practice Note was produced in partnership with Steven Bone.

What are capital allowances and capital expenditure?
What are capital allowances and capital expenditure?
Practice Notes

This Practice Note provides a brief explanation of the tax rules on capital allowances, then more detail on what is meant by capital expenditure in this context. It covers the enduring benefit test, replacement assets, like-for-like expenditure, nearest modern equivalent, the Law Shipping principle and the special rules for integral features. This Practice Note was produced in partnership with Steven Bone.

Capital allowances clauses—property sale contract
Capital allowances clauses—property sale contract
Precedents

These precedent capital allowances clauses are for inclusion in a property sale contract. The clauses can be adapted where the transaction is the grant of a lease for a premium, or an asset purchase agreement in which real estate is being transferred as part of a wider sale of a business. This Precedent was produced in partnership with Steven Bone and Martin Wilson.

Practice Area

Panel

  • Contributing Author

Qualification

  • FCA, MA

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