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Q
In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?
A
In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism
Spear's Wire
- FT: EU may introduce country-by-country reporting as soon as summer
- Hauser & Wirth take on Paul Schimmel for Los Angeles gallery
- STEP: Switzerland introducing law to confiscate dictators' funds
- NYT: JP Morgan fined £3m for wealth management failings
- The Woolwich Attack Must Not be Used as an Excuse to Restrict Civil Liberties
