Capital Allowances Tax Relief
Capital Allowances tax relief
Capital Allowances tax relief provides a counterbalance to the hidden costs in your commercial property.
Generally, this includes features such as security systems, heating, wiring, air conditioning, and lighting – basically all elements that can’t be moved in a house (unlike chairs or tables).
All UK tax payers who own commercial property may be eligible to claim Capital Allowances tax relief. Several criteria are involved in determining your eligibility and this can get quite messy. This is where our team of experts come in! We can help assess if your property has unused allowances hidden in it. Get in touch with us now.
how do you qualify?
- If you or your company own commercial property
- Are you are a UK tax payer
If you meet both criteria listed above, it is likely you are eligible for Capital Allowance tax relief. This usually applies to permanent fixtures on the property including heating, security systems, wiring and more. However, the law around this is rather complicated. For example, windows or project management costs are often considered as part of these permanent fixtures.
