Spear's Salon

Strong Opinion from our Stable of Star Turns

Josh Spero

Josh Spero is the editor of Spear’s. Before Spear’s, he was at The Independent and has written for publications including The Guardian, The Times, The Sunday Times, The Economist and the National Theatre. He is a regular guest on CNBC and has appeared on the BBC World Service and radio and TV stations around the world to talk about everything from finance to art. He is a co-founder of theartsdesk.com, Britain’s first critic-run arts review website. Twitter: @joshspero.

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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In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position.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

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