1. Advising the business
1.1. Tax relief?
1.2. Buy or lease?
1.3. Purchaser?
2. Lease
2.1. Rent
2.1.1. Wholly and exclusively
2.2. Premium
2.2.1. 50 years +
2.2.2. Relief for income element
3. VAT
3.1. Exempt
3.2. Standard-rated
3.2.1. Opt to tax
3.2.2. New
3.2.2.1. 3 years
3.3. Lease
3.3.1. Exempt unless opted to tax
3.3.2. Treatment of deposits: refundable, or advance payment?
4. Transaction tax
4.1. SDLT / LBTT / LTT: > £150K
4.1.1. LBTT (Scotland)
4.1.1.1. Rates
4.1.2. LTT (Wales)
4.1.2.1. Rates
4.1.3. SDLT (UK except Scotland and Wales)
4.1.3.1. Rates
4.2. Leased buildings
4.2.1. Scotland
4.2.1.1. Rates
4.2.2. Wales
4.2.2.1. Rates
4.2.3. UK except Scotland and Wales
4.2.3.1. Rates
5. Buy
5.1. Capital costs
5.1.1. Relief against gain on eventual disposal
5.1.2. Structures and buildings allowance
5.1.3. Capital allowances for fixtures
6. Structures and buildings allowance
6.1. Building costs
6.1.1. Not land
6.1.2. Not fixtures
6.2. 3% pa
6.2.1. Straight line
6.2.2. Accelerated relief in some cases
6.3. No balancing adjustment
6.3.1. Increase gain / reduce loss
6.4. Create/maintain allowance statement
7. Fixtures
7.1. Agreed value
7.1.1. Fixed value requirement
7.1.1.1. 2yrs
7.1.2. Pooling requirement
7.2. 6% special rate
7.3. 100% AIA
7.3.1. Max. £1m pa
7.3.2. Corporation tax and income tax
7.4. FYAs
7.4.1. Pre-1 April 2023 (no longer available)
7.4.1.1. 50% FYA for special rate P&M
7.4.1.2. 130% super-deduction for main rate P&M
7.4.2. Corporation tax only
7.4.3. 1 April 2023 onwards
7.4.3.1. 100% FYA for main rate P&M (full-expensing)
7.4.3.2. 50% FYA for special rate P&M
7.4.3.3. Now permanent (31 March 2026 end-date removed)