Capital Allowances

Capital Allowances recognise expenditure incurred in the purchase of commercial properties and other assets as a tax allowable expense (unlike ‘depreciation’), reducing taxable profits and the associated tax liability; furthermore, claiming Capital Allowances do not increase your future capital gains tax liability if the property is subsequently sold. However, recent legislative changes place even greater emphasis on both buyers AND sellers of commercial property to review their Capital Allowance entitlement.

The majority of individuals and companies entitled to claim Capital Allowances on commercial property expenditure have not claimed their full entitlement and have therefore failed to maximise their tax relief.

Innovation Tax have helped secure millions of £’s of tax relief via Capital Allowance claims for our clients and our specialist expertise and knowledge of the Capital Allowance Act 2001 (CAA2001) ensures our clients benefit from the best advise possible.

Тэги:

#Patent_Box #Grants #Capital_Allowances #R&D_Tax_Credits #R&D_Tax_Relief

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