BUDGET 2012 – CONSULTATION CHANGES CONFIRMED – NEW RULES FROM 2012

The Chancellor continues to put businesses at the forefront of his growth strategy with the systematic reduction of corporation tax rates but the news for the property world is less exciting. A raft of measures have been introduced to balance the books and promote incentives but these tend to be across a broad spectrum rather than any one or two stand out changes - but maybe that’s not a bad thing.

For capital allowances, we have little to shout about or report on further from the far reaching changes to the fixtures rules arising from last year’s consultation and draft legislation, save a few tweaks and some further leasing anti-avoidance. The Finance Bill 2012 to be issued shortly will undoubtedly tell us more.

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