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 tax@westonfinancialltd.co.uk

Case studies

Take a look at our recent case studies and see how we've successfully helped our clients with their requirements.

Last Man Stands

  • Tax Efficiency
  • 04/07/2020
Matt from Weston Financial contacted me about claiming R&D tax credits. I was very sceptical as I didn’t think my sports company, Last Man Stands (www.lastmanstands.com) which has over 100,000 active players, was going to be eligible, however once...
Read more

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