Keep up to date with changes to the Capital Allowances legislation and the benefits of undertaking a claim on commercial property expenditure.
The information in this blog is based on guidance taken from the HMRC’s website. However the reason that we are interested in talking to Furnished Holiday Let (FHL) owners is that in most cases they have not claimed for the “Fixtures” within their properties. i.e. assets such as the heating, electrical systems and sanitary ware […]
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 […]
Free Section 198 Election Template for Download The statistics from our website show many people are searching for a CAA2001 Section 198 (S198) Tax Election Template so we have provided one here which may be downloaded. We would encourage anyone who wishes to use this template to also read one of our previous blogs namely […]