Capital allowances are a way of obtaining tax relief on capital expenditure. This is valuable to your business since accounts depreciation is not tax deductible.
The allowances are treated as a tax-deductible expense and thus reduce taxable profits.
Capital allowances are not just available against capital expenditure incurred from the date your business starts. Capital expenditure incurred prior to your business starting may also qualify for tax relief.
Capital allowances are typically available for:
- equipment (e.g. computers, telecommunications, printers)
- integral features (e.g. air conditioning, electrical wiring)
But are also available on a range of other items and features which are often overlooked by business and their advisers when identifying capital allowances.
Our offer is simple and rewarding.
Capital allowances offer very significant tax savings, but the process is complex and technical. We make your life easy by managing your case from start to finish. We apply our expertise to ensure you obtain the maximum tax relief available on your capital expenditure.
Our specialists routinely save our clients thousands of pounds on their tax bill that they were previously unaware of.