April 3

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Capital Allowances

By Jafar Iqbal

April 3, 2020

Tax

What are Capital Allowances

Capital Allowances tax relief offsets the hidden expenditure in your commercial property.Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down!All UK taxpayers that own commercial property, personally or within a Ltd Company, may be eligible to claim Capital Allowances tax relief. The eligibility and value of the claim depends on multiple criteria and assessing this is complicated, however, we can take this stress off your hands.

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The Problem:

Not many businesses are aware of this claim

The Solution:

Our team of experts are here to help you determine if you have unused allowances hiding in your property – give us a call today

About the author

Jafar Iqbal is a chartered accountant and business adviser. He has helped many businesses to get the financial foundation right and helped them to streamline and automate accounting functions and grow businesses .

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