Capital allowances update – an ETN & CIOT seminar

At this event, Stephen Foster of Grant Thornton, will consider:

• the new super-deduction and special rate allowances

• other recent developments

• Structures & Buildings Allowances
• Transactions
• Case law

Stephen is an associate director in Grant Thornton’s tax depreciation (capital allowances) team, based in Edinburgh, and is a chartered accountant. He began his training in PwC’s corporate tax team in 2007, and started working on capital allowances projects in c. 2009. In 2017 he joined EY’s capital allowances team, moving to BDO’s capital allowances team in 2019, and then Grant Thornton’s capital allowances team earlier this year. He undertakes detailed analysis of construction costs and their treatment for tax purposes, mainly for expenditure incurred in open tax years, but he also often reviews expenditure originally treated as non-qualifying in closed tax years.

Stephen also advises on negotiations of the contents of s198 Capital Allowances Act 2001 agreements, clauses in sale and purchase agreements (which can allocate responsibilities between vendors and purchasers) and the completion of section 32 of the CPSE checklist, when clients are buying or selling properties in the context of seeking to agree transfer of capital allowances.

Stephen has extensive recent involvement in projects in the energy sector, as well as advising clients in the manufacturing, retail, leisure and accommodation sectors.

Registration will commence at 12.30pm with the seminar starting at 1pm. The seminar has been accredited by the Faculty of Advocates as contributing 1 hour of substantive law CPD for its own members and is eligible for a similar award from the Law Society for the solicitor branch of the profession.

There is no charge for attendance, however booking is necessary. To reserve a space at this event please email seminars@terrafirmachambers.com

The event will be live streamed. If you cannot attend in person, you can register for online viewing at: https://web.cvent.com/event/3ef8d53f-d4e0-4656-a648-761a85dc93c1/summary