All articles by Judy Harrison
Judy Harrison
Tax changes will hit big ticket
Norton Rose partner Matthew Hodkin, and senior associate (tax) Judy Harrison, explain how changes to the tax regime will impact on aircraft, ships, and trains. From 1 January 2011 two changes will occur to the UK tax rules which will affect the leasing of large assets. The first is that there will be a reduction in the rate of capital allowances available for expenditure on ships and rail assets
Tax-based leasing gets tougher
Over the last few years, tax-based leasing in the UK has become increasingly difficult as a result of anti-avoidance provisions that have been introduced.