Yes that sort of true. I say sort of.
1. Why would you choose not to claim it ? A cap allowance claim is always 50% better than not making one.
2. Its only in respect of capital allowances for which you "could" claim a deduction. So it becomes a PPOR that rule is avoided. A plain English...
Not quite time to throw in the towel. Don't quit.
There is a 2-4 year amendment period. You would need to understand which - 2 or 4 years. Then get the QS report based on that. Then amend tax returns. If you are getting the schedule done then do it right and amend. It may pay for the...
