Surprise Bonus for Companies Companies who are making significant capital investment over the next two years received a welcome boost from the budget. The budget introduced a new super-deduction of 130% for qualifying capital expenditure. The Chancellor explained a company spending £10m would currently achieve tax relief of £2.6m in the year of expenditure, whereas […]
The Annual Investment Allowance (AIA) We have written at some length about the major changes to the capital allowances fixtures regime which came into full effect in April 2014. This has focused much attention on the risks now faced by buyers of commercial property, and their advisers, if they do not consider capital allowances during […]
Capital Allowances Freezers This is a capital allowances case study for commercial property. Please do not waste time rushing to your kitchen to see if there is a wad of cash in the ice-box. Industrial freezers used in commercial properties are actually the subject of this capital allowances case study. We recently completed a capital […]
Do Carpets Qualify for Capital Allowances Purposes? The reason for making this post is this is one question which does seem to be asked quite frequently judging by the number of internet searches that Google receives on the subject. HMRC normally accepts both carpets and linoleum qualify for capital allowances as they are plant (see […]
Hotels are particularly suited to a Capital Allowances Claim As a rule Hotels are one of the most suited types of commercial property when it comes to making a claim for capital allowances. In this post we briefly state why this is the case. Hotels Contain Plant Hotels are rich in “Plant” which qualifies for […]