Capital Allowance Claim

What is Capital Allowance?

Capital allowance is an expenditure a business may claim against its taxable profit 

Whether you own the property as an investment or it is your place of business you could be entitled to claim, in some cases 100% of the costs

You can claim for any of the expenses below

• Fixtures and fittings (including lifts)
• Day to day running costs
• Items you buy and sell in your trade
• Interest payments or finance costs for buying assets
• Cost of demolishing plant
• Cost of machinery
• Alterations to install other machinery (excluding repairs)
• Hot and cold water systems (excluding toilet and kitchen facilities)
• Electrical and lighting systems
• Items you keep to use in your business including cars
• Renovating business premises
• Dredging
• Managing a company with investment business

If you wish to discuss the options available for you and your business, please complete our Contact form or email the team [email protected]